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RE: Money Making Up The World

in #money2 years ago

Hi, Faith after thoroughly reading your essay I thought it was very well written and detailed. You provided insights into the text and your perspective on them. Starting, I could agree with you on what your thoughts were over “Francisco’s Money Speech.”

” Many people think that if you have money it will buy you happiness but in reality, it just causes problems for people.”

I believe money is not always the answer to one's problems and that money will not always seek happiness. The happiness one may get from money is not the money itself, I see it as the goods and services one can receive from that transaction and trade with the money. Money to me is very important for the fact of the matter that that is how we as human beings survive in the world. With no money comes no trades and producing, and with no trades and producing, means no basic resources that we need to survive and no resources that satisfy us. I also agree with what you said: “The hatred of money comes from within someone because money holds so much power over them.”

When it came to “The Money Confusion” you were able to talk about the importance of stable and consistent money, and you were able to highlight the negative impacts of war on economies. You had said…

” The population is what makes up the economy and what brings in the money. The hard truth is war takes down the population numbers which rises the wealth in the economy. “
I agree with you on how conflict can lead to a drop in population, but I do not believe it will lead to an increase in income. I believe that conflict frequently leads to economic instability, resulting in increased debt for nations.

After reading Tamny’s article I thought that it added to Bylund’s article and how the value of money goes beyond the value of a dollar. We had read how money is the exchange of goods however, in Tamny’s article she talks about how during the War it came down to cigarettes as a resource in exchange for goods. It is crazy to me to think that we can make something have the same value as money, I guess that shows how little value money really has and that it truly comes down to the exchange between others and how much one thing may be valued more than the other person values it to make a trade that satisfies both sides.

Overall, I thought you did a good job assessing the topics in the articles!