All politicians may not be educated, they don’t have the capacity to understand so vast economics but at least economists must have understood about the whole economics mechanism and should make good policy for everybody. But unfortunately, all economists are also being puzzled in economics and for that simple reason, the whole world is compelled to be messed up.
Money is just assumed value for conducting transactions among the people, in the ancient age people assumed for running transactions like special stone, leather, shell, grain, cattle, copper, cowry shell silver gold, etc. Now we have still silver and gold are used for doing transaction. And we have been using a coin, notes and computer digits, whatever we assumed that from ancient age to now these all are just assumed value for doing healthy transactions among the people. If we cannot assume any common value in society, we cannot run so vast transaction we must assume something in the common object. Now we are assuming computer digits. By using money, economic activities are being so easy among the people and money can be easily transferred from one place to another place and money can be easily saved in future use as well, these are the very useful features of money. But money has brought also so many drawbacks like people can loot, cheat, and murder for getting money. Love, kind, help, trust, belief, friendship, relation, and family, society, enjoy, nature, etc. all have been destroyed and damaged by money. These are the worst drawback of money. If economists think about deeply using money those destroyed things can be again come back in human society. Around 30 years ago, it was not possible but now scientists have invented so many useful AI like machine, robot, and software by using those things as much as possible people can be freed from long hours of duty and they can again enjoy with nature, friends, family, and society.
One ordinary person may not know about what is money, how it is printed, how it has functioned but economists must know about all mechanisms that money is just assumed value. Even they know all mechanisms but they are busy making policy on how to increase money rather than really useful products and services. Due to this simple mistake the whole world is being messed up. People need facilities like food, clothes, home, car, utilities, health, education, etc. to get those things, works must be done otherwise we can not produce necessary products and services. But scientists have invented so many useful AI by using those AI, we can run so many economic activities. But economists have been arguing that if AI has used in work, people have got the lost job. What is the problem of the lost job here, if AI does all works, then people are freed from boring work, it is a very good situation for people, people need facilities, not boring jobs, this powerful point must be remembered while making economic policy.
Scientists have already invented how to grow agriculture, how to make a home, how to make cars, how to make electric vehicles, how to make necessary foods, how to make necessary clothes, how to make a boat, how to make road, bridge, and so many things. To make those things, works must be done by those people who are willing to get those things. To make those things, works must be divided among the people. People, who are educated and skilled, they must get more facilities, and who are uneducated and unskilled, those people must get fewer facilities. To divide those facilities among the workers, we can use money here. If money is not there, it may be a very vast task to distribute facilities among the workers according to their contribution. But we have money by using that money we can easily distribute facilities among the people that are the main function of money and a very tremendous useful feature of money. But look in the society people have been pursuing money without produce useful products and services. People have been working just increasing money not facilities then how can people get necessary things by doing non-sense activities around the world.
By working unproductive areas, necessary products are being expensive, the life of one normal worker has finished just paying one normal house installment in a developed country as well, in developing countries one normal worker can not eat fully in whole life even doing hard work. People need facilities but whole people are heading to increase the money then how can they get the necessary facilities in their life. Ordinary people don’t have an idea what is facilities and what is money but economists must have known, increasing money is useless without increasing facilities. Why they don’t understand the simple mechanism of money and facilities. By thinking this simple reality, I am being crazy.
If I am appointed a job as an economic policymaker of any country where necessary resources are available then within 10 years, all people will have got necessary basic things like home, car, education, health, etc. if I am appointed a job as an economic policymaker in the USA, all people will have got necessary things by working 4 hours per day in only week days, it is easily possible. But most people are busy doing unnecessary works by that reason the price of all necessary products and services are being expensive, the economy is being trapped and jammed.
I kindly request to all retired economics professors, please discuss among the professors how to remove those unnecessary jobs which are played a role to increase prices and jobs. If those jobs remove then only the necessary job can do by making two shifts like 4 hours per day. Young economists who have just passed Ph.D. from Oxford, Harvard and Cambridge and etc. they aren’t able to understand the whole economy mechanism, they only know about what is demand, supply, products, price, marginal cost, marginal revenue, fixed cost, variable cost GDP, growth rate, employment, about data modeling about graph and chart, etc. So, I request all retired economics professor. Money is just assumed value; all people have deposited at the bank and people withdraw from a bank who have needed those simple activities can be handled by software. Why CEO of bank has been given to very high salary by that salary and other unnecessary works increase the interest, if interest is increased, then all necessary products and services are being expensive. If products and services are being expensive then people cannot buy products from the market then the economy is being trapped and jammed. If the economy is jammed then people should pay an installment of the simple houses for whole life even developed countries. please rethink economics, don’t forget the basic feature of money, money must be used for useful and productive transactions Aristotle had said very clearly in this matter 2300 years ago, but people still cannot understand his pointing points that’s why the whole world is being messed up.
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