Ignoring the Economics for the Finance is Dangerous

Everyone wants to be financially independent and strong. And, there is no sin in this. Nowadays, the status of the people is measured by the scale of money. The more money you have, the bigger person you are. Some people do have a great sense of finance, they know how to play and make money in the market. They know how to do illegal things legally.

They may be good in finance and can flaunt their money, but at the same time, not necessary; they would be good at economics. Hoarding of finance by ignoring economics can give you temporary flaunt and pleasure, but in the long run, you pay the price of ignoring the economics.

How finance and economics differs?

The economics provides the rules, regulations, policies, vision. It checks the fraudulent flow of the money. Economics does not work for the individuals. It focuses on holistic progress. It is designed to provide the financial stability to the nation as a whole. A nation can be financially strong, but economically weak. Finance can be set at an organizational or individual level. It cares only for the self. The economics cares for everyone.

It provides the models to support the weaker section of the nation and eliminate the domination of the giant one to ensure the stream of money flow towards everyone. The finance oriented people can smartly bend the economics and make huge money in the market. These kinds of greedy people drive the market fraudulently, which causes the fiscal deficit of the nation.

Finance minded people may be smart, but not as wise as economists, who think about the stability. The people, who ignore the economics and focus on the finance, most probably, they do not enjoy their money. Those people - either get apprehended for breaching the regulation and incarcerated or spent their whole life in stress in hiding their unethical collection of finance. That hoarding of money is the worst money who gives you stress more than joy and happiness. Money exists to support us, not we exist to support money.

The major depression and crash in the financial market are the result of snubbing the economics and focusing on the finance to cope up with the competitors. The crash of 29 Oct 1929, the biggest market crash in the history, is also known as “Black Tuesday”, was the consequence of the disregard of the economics. And the effect of that crash lasts for 10 years.

The market crash of 2008, the second highest market crash, was also the product of overlooking the economics. Lehman Brother, an investment giant, could not save himself from its scupper. Now that giant, out of anyone`s imagination, is the history of yesterday. Harshad Mehta from India, in 1992, was caught is share scam and died in jail without enjoying his own money.

Anything illegally pertaining to the finance is the ignorance of the economics. Doing so, we are directly becoming the part of the financial crisis and inflation of the nation. The financial strength of any nation depends on its economic model and its sincere implementation. The rise and fall of the currency of any country depend on the per capita income and white flow of the money in the market, not by the net income of the few people or the black money.

The money can be hoarded fraudulently, but not necessary, you or your family would enjoy those. There may be animosity in your coming generations for the sake of that money. There is invariably a wrong result in the wrong and unethical deeds. A nation can live in peace and harmony where the economics are respected by every individual.

Generally, two kinds of persons fall sick and embarrass the death untimely - one who does not have anything to eat, and the second, who overeats. To save everyone, let everyone eat his share and burp in satisfaction.