Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.
What is your take on this?
If money is not spent or not expendable, it is just a piece of paper. The paper used for writing can also be valuable if it is expendable, but if money is not spent or not expendable, it is worthless like dirty paper lying on the street. Basically, the value of money is spendability or exchangeability. We will get the value of the paper notes that we have deposited in the bank only when we use it.
In the economy, purchasing assets, i.e. investment or spending, is given more priority than fiat savings. Because both investment and spending take the economy to a stronger position and make the country more productive. In Japan and South Korea, spending is given more priority to make people more hardworking, which will make people more hardworking and productive. If savings increase, people will become lazy and production will also decrease.
I think people should get used to a spending-oriented economy. Instead of depositing fiat in the bank, buy some assets or invest in productive activities. While fiat has no intrinsic value, assets have intrinsic value that cannot be seen with the naked eye.
