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RE: Essay 4: Money

in #money2 years ago

This was a very well written essay and I enjoyed reading your thoughts on Bylund's writings as well as Francisco's Money Speech. It is formatted in a way that is easy to preface for the reader to see what topics you are writing about. I like your view on money not being the root of all evil, but rather it is the man with the money that is evil. When you put it into perspective as money just being a tool for use rather than being the user itself, it really makes your point clear. I like your choice of quote in that paragraph, it supported your view in a very clear way that was easy to understand.
I wrote a majority of my paper on stable money and the effect that war had on the economy so I really enjoyed reading that section of your paper. We made a lot of the same points which was interesting to see the similarities in our views on the subject.

Having stable money is what keeps the economy moving, if there was not a currency that was stable and unable to change value, the economy would be unable to function.

This was very well said is a great summarization of what Bylund was talking about when it comes to stable money in the economy. The cigarettes in Germany and Bitcoin in today's market are great examples of showing that currency itself can change based on its value to society and also why it is important for currency to be stable within the market to hold its value.
I like how you incorporated your real life experience into the writing to show how you can relate to the subject. It seems like you buy, sell, or resell sneakers which I used to do with streetwear and is a great example of transactions made within the market and why it is important for money to have the same value when an item is purchased as well as when it is sold. Adding the "apple and coke" example which was used in the lecture video is also a good way to help the reader understand that value of an item is relative to the wants of each person in the market. Overall this was a very well thought out and worded essay, the format and use of quotes were helpful in interpreting the essay. Well done.