What if you could fulfill your transaction benefits (considerations) in various ways, including fiat money? Have you ever wondered what the consequences for your business would be if you could fulfill your benefits in ways other than cash? For instance, let’s say you are a shoe manufacturer. To make shoes, you must purchase raw materials like leather and process them into finished products known as shoes. At this time, if you can pay for raw materials with the finished shoes you made instead of fiat currency, you wouldn’t need to take out a loan with interest from the bank. However, the world’s economic system has limited the standard of value exchange to ‘cash,’ commonly referred to as fiat money. We need to understand precisely why banking is so important to entrepreneurs. This is one of the reasons the industry does not surpass finance. After all, money is among the goods whose value is determined by supply and demand. - Joseph’s “just my thoughts”
All values are interconnected and relative. There is no such thing as an absolute value. For instance, is the value of the goose that lays golden eggs due to the goose itself, or because of the golden eggs it produces? Are the productive forces of life indeed more precious, or does gold hold greater value? If you find yourself on the brink of starvation without food, which is more valuable: the goose that lays the golden egg or the one that lays ordinary eggs? Value depends on context and circumstances, as it is inherently relative and changeable. In essence, all values fluctuate. - Joseph’s “just my thoughts”