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Money and COVID-19: A Paradox?

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1 month ago

Money and COVID-19 would almost seem to be a perfect combination. Money to buy masks, hand gloves, rubbing alcohol, food, and other basic necessities.

But, why does it seem that despite having enough money, you still feel incapacitated?

Have it ever crossed your mind that money and COVID-19, a seemingly perfect mixture of elements to combat COVID-19 itself would seem paradoxical or even quizzical in nature?

Money is dictated by its agreed value

Money is dictated by several factors to arrive with its agreed value. The central banks of several countries may either devalue, depreciate, or even increase interest rates in response to several crises especially the one that we're dealing with right now.

In the United States, we could see how the stock market crashed and we could foresee a possible economic meltdown due to this pandemic. Some reports indicate a whopping 30% unemployment rate by the end of the nationwide lockdown.

We could see how money seems to be elastic in response to several factors, thus we could infer how it's highly reliant on the economic managers of a certain country.

Money can't buy anything if there is no supply

Recalling the law of supply and demand, when the supply is low and the demand is high, it follows that prices will go up. The only dilemma is how can you buy a highly-priced good when the supply is scarce or even zero? That's right you can't.

Money can't buy happiness

We could often feel that despite our adequate resources coupled with this lockdown, we feel a sense of emptiness in our hearts. We feel inadequate.

Sheer monetary gains could not equate to happiness. We then ask ourselves, "Is money the most important thing in this world?"

The answer is a resounding NO.

The sheer concept of money began at the very beginning with valuing something, but when that something is often depreciated or devalued money can't do anything.

Happiness is valuable, but in this time of crisis, with quarantines here and there, we could never buy mere interactions and simple acts of kindness.

Takeaway

COVID-19 and money would seem to be a perfect combination, but in actuality, it's not.

We could see the gradual and incremental loss of money's value and its worth. We could now realize that money is only a figment of man's desire to value things, but with COVID-19 we could see that man's concepts are futile to our greatest master, Mother Nature.

Happiness, kindness, compassion, and empathy, those are the most important things to bear and foster in you.

Stay safe and be well.

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Avatar for DrPopsPenguin
Written by   3
1 month ago
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