The Coop Network Weekly Update 13/2022
We are living complex and difficult times. With supply chains being disrupted and prices of oil, gas and wheat soaring, key weaknesses in commodity markets are being highlighted and so are new priorities. Since we are grounded in the real world, we are adapting as we speak.
We announced one of our top priorities at the moment: Agrivoltaics.
Then, we continued the #CoopCrashCourse series. CC#1.3 was a light one on Inflation, Deflation and Disinflation.
We already talked about how most of the money in the world is created by banks. Whenever a bank makes a loan, they create new money. This is what we call “inflationary” because it increases the supply of money in the economy, which then leads to higher prices.
Inflation is defined as a sustained increase in the general price level, by the rate at which prices rise. It’s important to note that inflation does not necessarily mean that everything becomes more expensive, but rather that money becomes less valuable as more of it exists in the economy.
Deflation is the opposite of inflation; it is a sustained decrease in the general price level. Disinflation is when inflation decreases.
But do read more on our blog:
Since we already know what money is and how it works in the economy, in CC#1.4. we turned towards the human aspect and focus on a very important matter: Money vs. Wealth. We are very passionate about this subject, it’s a vital one for our project, so read on.
It is a common belief that the two are one and the same thing, but this could not be further from the truth. Money is an artificial construct that our society has come up with to facilitate exchange, while wealth is something that is inherent and intrinsic to human beings.
It’s important to remember that money is not the end goal. It’s simply a tool that can be helpful in acquiring wealth, which is about having access to the things that matter in life. And we all know some of those can’t be bought. It is often said that when you focus on creating wealth, money will follow.
But how do you go about acquiring wealth? The answer is simple: by creating value. You need to find ways to add more value to the world than you consume, to contribute to the improvement of the general living standard. This can be done in a variety of ways, such as through innovation, creativity or simply by helping others.
Also, keep in mind the most important forms of wealth: time and community.
Read more on our blog:
We had our monthly AMA, a short and quick one this time.
Aaand a round of applause for one of the youngest rally driver in Romania, Paul Popa, proud to be on the road with him!
Twitter | Blog | Facebook | Instagram | Telegram | Telegram RO | Announcements | TikTok | YouTube | LinkedIn | Whitepaper | Explorer
