|What is real richness
What is [richness]? When economy develops and productivity is increased, necessary goods / services can be offered by shorter labor than ever before. Leisure such as hobby etc. or another free activity can be done in spare time.
But, if productivity is increased, prices are inclined to decrease by
price competition in present economic system. Economic growth is stopped
and deflation occurs in some cases. As deflation can’t be compatible with
classical economic system on the premise of plus interest rate, it leads
to destruction of economy. In order to avoid this paradox, scale of economy
must be expanded by offering new services with rapidity.
In short, no matter how hard we work, stable management of the economy
can’t be continued without continuing to work much more. The reason why
modern people can’t realize short time working is the paradox of economic
But if minus interest rate is introduced, paradox doesn’t occur in economy. Stable management of economy is continued. Therefore, concept of works for the purpose of economic expansion goes away. New services should be developed if needed. As development burden is decreased, labor time is shortened. In this way, free time is incremented and we can enjoy spiritual richness.
Essentially, economical development leads to richness like these. But
we must expand economy desperately under economic system with plus interest
rate. Economy doesn’t exist for the purposes of our lives, but our lives
exist for economy. We can’t understand the purpose of our lives under these
Therefore, it is necessary to introduce minus interest rate in order to enjoy real richness. Introduction of minus interest rate leads to feeling at ease of our lives.