In the depths of the vast ocean, there are two adjacent islands, the Black Island and the White Island, about the same size and population, the two islands are very primitive, everyone needs only food, and everyone is happy to be able to fill their stomachs with their own labor.
Originally, the islanders of the two islands worked 8 hours a day enough to eat and drink for themselves, but one day the islanders of Kuroshima made a decision to extend the working hours of each person to 16 hours a day in order to live a better life, and the food they produced for 8 hours was enough to eat and drink, so all the rest of the food was exported to Hakushima.
The islanders of Hakushima are happy with this change, because they don't want to work hard in the first place, and now they can enjoy the same food as before. Of course, the equivalent exchange required in this process - bond issuance is not a problem.
As a result, the islanders of Kuroshima worked extremely hard, exporting food to another island in exchange for bonds, while the islanders of Hakushima enjoyed the fact that they issued bonds in exchange for abundant food. Over time, the hard-working Kuroshima became known as the island of industriousness, and the increasingly lazy Hakushima, which relied on the issuance of bonds, called itself the island of pleasure. The islanders of the two islands seem to be much happier than before.
However, after some time, the islanders of Industrious Island had accumulated a large number of such bonds, and they were nervous and puzzled, discussing the question: What good could be gained by holding a bond issued by a lazy island?
As a result of the discussion, the inhabitants of Industrious Island took the currency of the island to buy the island's physical goods, such as the giant wood used to make large ships and the land used to produce food. And enjoy the island ** but not willing to be bought on their own island, so they thought of a clever trick to print more banknotes, dilute the value of the currency, and devalue the currency of the island. In this way, the wealth of the island is less and less available to the inhabitants of the island, and the interest on the debt that the island must pay to the island is greatly reduced.
The islanders of the Industrious Island are suffering from their hard work and diminished wealth.
The islanders of Pleasure Island are proud of their wisdom of "getting it for nothing".
Do you see the secret of wealth from this story? It's not just hard work that makes you rich, but also the power of capital.