I enjoyed getting to hear your understanding of Byland's work. More specifically when you address the laws and economy. It seems apparent that rules and laws are made to be followed. The most intriguing point that I think more people should be talking about is the problem with our economy. Byland believes that the biggest issue is production. This information is relevant to some of the current issues that we have seen in our economy. Covid 19 had a large effect on the supply and demand across the country, and left remarkable damage. A great example of how quickly this can get out of hand is by looking at what happened as word of Covid 19 spread. Within days the stores had been emptied of toilet paper, canned goods, and sanitizing products. Many other random products were also snatched from shelves, leaving them empty. The production and distribution of these products were designed to fill the expectation of consumers' past behavior. While it seemed impossible to consider we may run out of toilet paper, it became a possibility very quickly. When supply and demand becomes unbalanced, it has large effects on the economy. Byland points this out several times throughout his writing, tying in with his chapter on economic theory. I like that you included his comment on economic theory that states: “Economic theory allows us to understand how an economy works. It explains the workings of the economy as a whole so that we can understand the meaning, impact, origins, and evolution of economic phenomena”(Byland,2022,21). I very much agree that people should be curious about what the economy is and how it works. In my opinion, many people in today's culture are very unaware of how the economy works. In the past few years there have been many people asking that the minimum wage be raised. If they understood the economy they would understand that by doing that, it does not help them as much as they think. A higher pay means that employers must have a larger employment cost. Using Starbucks as an example, by raising the wage, they now probably have to compensate by what they charge the customers. The increase in drink price will affect customers' paycheck all the same. Additionally people may start to see an increase in rent prices. All of this ties in with your comments on the market, and what Byland had to say about it. The economy accounts for millions of factors, and producers rely on sources from all over the world. My biggest takeaway from his writing was the importance of knowing about the economy. Understanding why action A affects action B is critical for predicting the market. I agree that Byland's book did a great job explaining the economy and the aspects that affect it. It is important for people to know and understand why a small change in policy or law can have a large change on the economy output and input.