What Does It Take To Fully Understand The Concept Of Money?

You feel that the freshmen of universities that are about to enter school have the ability to handle their finances well. People provide a lot of information to mature young people, but they still can not handle the economic responsibilities given to them. For college students who are about to graduate from high school, there is a ripple effect when purchasing items. I am not an exception, because I think it is easy to manage and / or use money wisely.

Money is an abstract concept that I am struggling to master. I use it physically and electronically, but I do not fully understand how to use it, just like I do not know how to use a mobile phone. Just as I imagine the path of the rain falling from the seven rivers to the sea and the clouds to better understand money, I looked back on the nature of money and thought experiments of tracing one dollar through the economic system I like to do. This is what I know so far:

People are not used to thinking deeply about money and banks, or adopting a subsidy system without thinking. The modern Fiat Currency is an abstract concept, and money is not what we think at all. There are few people who understand that they simply receive more government bonds instead of simply being paid when they get interest or principal from a particular bond. Of course, the paradox is that most people mistakenly believe that this debt is money, and that the heart of almost everyone is the opposite of debt. After all, we will spend money to repay the debt. The truth is that even though almost no one can understand it, we just transfer debt and offset each other. The entire modern system relies on fraud and widely known ignorance to function effectively. Unfortunately, this is that there is no power at all.

For most people, money is just to exist. In order to collect money, someone needs to be willing to spend this money on your behalf. The concept of this currency could lead to erroneous assumption that money is "neutral" and there is no property worthy of debate. The process of issuing new funds is very ambiguous and hidden in the balance sheet of central banks and private banks. In contrast, in the case of cryptographic currency, the process becomes very clear. Certification before mining, selling, and burning is a concept that has been attempted so far.