Understanding Money and People's Lives |
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Nipawin - October 28, 2000 - by Mario deSantis | |
distortions |
We live in a world of paradoxes and in order for us to be creative with our thinking and |
behaviour we must understand the paradoxes we face every day. In the field of economics | |
for example we know that the fundamental role of money is the exchange for goods and | |
services, on the other hand we also use money to make money and in so doing we create | |
'bubbles' or distortions in the economic system with the related changing of values of our | |
stocks in the financial markets. | |
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knowledge |
Our traditional economists state that these bubbles are engines for economic growth, but |
our new economists purport that knowledge has become a better engine for economic | |
growth. Where is the truth? I don't know, but I tell my sons "get your freedom through | |
education" and you are going to be at peace with yourselves. And in one way I tell them | |
"don't make a gamble of your life, just create your own life." | |
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two to three times |
Where does all the money go today? I just want you to think that since 1980, according to |
a McKinsey study, the financial assets of the world's largest economies have been growing | |
at two to three times the rate of growth in gross domestic product(1). | |
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more important |
Understanding money is important, but people's lives are more important than making |
money out of money. | |
The Difference Between Money &Wealth. How out-of-control speculation is destroying real wealth, by David Korten | |