Money is what money does

sindhuspace

I do not know the economics of money. But I still remember the definition of money I had learned 30 years ago: “Money is what money does.”

So if the money we earn has a habit of getting devalued day after day, our quality of life also gets devalued with it. In such situations, what are we supposed to do? Why is the government not telling us the measures to adopt to tide over this crisis comparatively unhurt?

I do not understand how and why currency value rises or falls.Image

All I understand at the moment is that it has something to do with the regional conflicts, strategic power shifts, covert oil wars, money laundering etc. I have a limited grasp on financial matters. 

But from what the Indian news channels tell us, it is bad news: $1 is equal to almost Rs68. No wonder we haven’t managed to get…

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One Comment Add yours

  1. Ashok Wadhawan says:

    I think the answer is based on pure Indian way of thinking : save the money as much as you can when it is in its prime and multiply by various investments”. Spend to your limits avoiding loans. We will have to depend on ourselves rather than government. Limit your needs.

    Like

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