Being in debt means using up the future in the present. Essentially, it’s about how we manage our time. Therefore, the most valuable resource for debtors is time, and it depends on which side time favors. Paying off debt is like repaying borrowed future time early. When the ability to generate wealth over time decreases, the future time becomes a burden, and the debtor faces the pain of bankruptcy. Taking on debt is costly. It may seem like borrowed money is repaid with money, but the irreplaceable resource of time is also returned along with interest. With the rise of postpaid credit cards as a common payment method, we’ve become less sensitive to the associated pain and cost. There are two ways to spend money: using present time or future time. The costs and pain are much higher when the future is spent as if it were the present. - Joseph’s “just my thoughts”
Even though a country's total population is decreasing, the economic situation could be improved by increasing the total economic activity of the remaining population after the decrease. Of course, there is a statistical population threshold below which this effect occurs. Nevertheless, this effect would not work in the case of a force majeure, such as a natural disaster or the outbreak of war, however, this assumption would be valid because a rapid population decline is a highly exceptional event that would not normally occur. Therefore, an increase in the economic activity of this population should be required during an economic recession. Applying this perspective, for building a solid relationship with your followers on Instagram, the number of followers is less important than the activity between them and you. This is called the "Engagement Rate (ER)". - Joseph’s “just my thoughts”