As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility, in descending order of importance. Most people focus exclusively on income.
Sentiment: NEGATIVE
The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.
I think people figure out early in their lives what currency they can work in.
The U.S. currency has been the most attractive currency to be in for very, very long periods of time.
A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.
The only currency I value is the coin of the spirit. That's very important in my life.
It affects every aspect of our lives, is often said to be the root of all evil, and the analysis of the world that it makes possible - what we call 'the economy' - is so important to us that economists have become the high priests of our society. Yet, oddly, there is absolutely no consensus among economists about what money really is.
The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the Netherlands and Austria. If they aren't, it simply can't continue to work.
China needs a currency that reflects underlying economic fundamentals.
Money doesn't matter on a deeply personal level. It doesn't make you feel any happier. But of course I am very aware that I don't have to worry about earning a living or about those very important practical things that most people have to worry about on a very real level.
The only currency isn't money. For me, it's about how can you build a good business that's also a social business.