Illusion of money
328: kyle cease – the illusion of money
Kyle Cease, a New York Times best-selling author and motivational speaker, explains how your money addiction is literally keeping you from living the life of your dreams. “I’m sorry, but I can’t afford it.” “This isn’t the best time… I’ll have to save up.” “Should I resign from my job? Are you insane?!” Does this ring a bell? One of the most common reasons we give for not following our goals is a lack of financial capital.
This book elicited contradictory responses from me. The new age Panglossian parts still bring out my inner Voltaire (no matter what’s going on, we’re all right where we need to be, getting the same experience we’re supposed to, etc. etc.). It does, however, contain a number of points that I needed to be reminded of right now (which is why I I remind myself to read through points that I bristle at to be exposed to different points of view). I borrowed this book from the library because I’ve been reading about people.
To be honest, the amount of emotion this book evoked in me shocked me.
I’ve read other books on money mentality and spirituality, and while there are several topics that cross over, Kyle’s book shocked me with how much it moved me. I purchased it on the spur of the moment, and I’m so happy I did! It made me cry, and I’m sure it’s already helped me let go of old thoughts. Today, I found myself grappling with money issues with a whole new vigor, and I literally said to myself, “I’m excited to do well with more money.” Thank you for your support, Kyle.
How money is nothing but an illusion in your mind
For decades, the economist was perplexed by money’s non-neutrality and price stickiness. One of the most important factors in this regard is the concept of money illusion. The propensity to mix up nominal and actual aspects of the economy is known as money illusion. Our findings show that even a single money illusion-prone agent may result in inefficient outcomes. Surprisingly, we discover that in a strategic environment, a subject who is susceptible to money illusions learns from the actions of others. However, learning in a strategic environment appears to have a double-edged effect: while a money illusion-free subject learns quickly by imitating others about how to solve money illusion, her previous behaviors distort the aggregate behaviour. This pattern, it seems, is primarily responsible for the observed stability in the vicinity of unstable equilibrium.
E – Macroeconomics and Monetary Economics > E0 – General > E – Macroeconomics and Monetary Economics > E0 – General > E – Macroeconomics and Monetary Economics > E0 – General > E – Macroeconomics and Monetary Economics > E0 – General > E – Macro Institutions and the Macroeconomy (E02) E0 – General > E – Macroeconomics and Monetary Economics Behavioral macroeconomics (E03)
Capitalism & the illusion of money – david korten
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People have a propensity to view their wealth and profits in nominal dollar terms rather than in actual dollar terms, according to the money illusion theory. To put it another way, it is believed that people do not consider the degree of inflation in an economy, erroneously assuming that a dollar is worth the same as it was the year before.
Money illusion is a psychological problem that economists debate. Some claim that when people see price increases every time they enter a shop, they automatically think of their money in real terms, adjusting for inflation.
Alan watts – the illusion of money
Today’s fiat currencies have the same function as gold and silver currency… However, there is one significant difference. Fiat currencies can be produced at any time and for any purpose. And the world’s central banks build fiat currencies in massive quantities out of thin air.
Although fiat money can be produced out of thin air, when new money enters the economy, the value of existing money must decline. That’s just supply and demand economics at its most simple. When all other factors are equal, value decreases as supply increases.
So, if you think of money as an idea rather than a tangible asset, you’ll notice that all it takes to get more money is an idea. However, in order for that money to be turned into wealth, it must first be exchanged for properties.
P.S. My Finance for Freedom course series delves into the inner workings of money and finance. It also includes expert financial techniques for boosting profits, the wealth, and permanently shattering the glass ceiling. More information is available at the newly redesigned https://financeforfreedomcourse.com/.