What is your favorite place to live which is extremely comfortable? Actually, I am not sure yet because I have not been all over the world. However, I can imagine what my ideal model for society is. One that can achieve harmony and live with its differences. By the way, I am interested in
world economics and affairs. Therefore, I will look for my ideal place which has the most stable economy. In healthy countries the currency is usually stable, an inflation rate about one to three percent.
According to Wikipedia, "Inflation is the rise in the general level of prices of goods and services in a given economy over a period of time. It is measured as the percentage rate of change of a price index." Basically, inflation means the increase of a price index. Therefore, positive inflation means a decrease in the power of currency. Imagine if the power of currency changes more than ten percent every year.
"After the First World War Germany suffered from inflation. In January, 1921, there were 64 marks to the dollar. By November, 1923 this had changed to 4,200,000,000,000 marks to the dollar." (Simkin)
How can I stay in that country without worry? Our stable life needs a stable currency rate. So, I strongly suggest that we should invent universal currency which every country will use as their national currency. Then, we will not need to worry about inflation risk. If you look at the EU, they use the same currency. It means the currency is very stable even if one of those countries' economy goes into recession because they use same currency. Also the EU is admiting new countries day by day.
In conclusion, I would say that I want to live in the country which there is a universal currency because I want a stable life. I could say that the ideal place to live is in the EU but, ideally, I want to live with universal currency.
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Actually, the U.K is still resisting the Euro currency . . . it still uses pounds-sterling.