Money is the most widely used medium of exchange worldwide, serving as a way to buy essential goods needed for life or to store wealth. Since the country guarantees the stability of fiat currency, it becomes possible to exchange ‘things for money’ instead of ‘things for goods,’ unless the country goes bankrupt. However, this amount of money cannot be increased indefinitely. When there is too much money in circulation, its value drops below the price of goods, causing those who hold wealth in money to lose that wealth. The key point is that money is limited in the market. Due to this limitation, money gains value. The government regulates this money supply through the ‘interest rate.’ Raising the interest rate reduces the money supply, while lowering it increases the supply. This helps control prices. Therefore, understanding the interest rate is crucial for managing and valuing wealth, making it essential to know the interest rate above all else in life. - Joseph’s “just my thoughts”
The reason managers need to know poetry is that it can inspire them to solve problems. Poetry consists of statements, similes , metaphors , substitutions , and transpositions , and this function serves as a tool for addressing issues in management. Statements identify the core of the problem, while similes and metaphors ignite the imagination to foster problem-solving. Substitutions and transpositions facilitate the connection and application of methods for resolving the issue. Rhetoric is a valuable key to problem-solving that enhances critical thinking; after all, it is an issue of application. - Joseph’s “just my thoughts”