In this article, the author does an excellent job of explaining what they were able to gather from our assigned articles to explain their viewpoint on money better. In the first section “Value is in the eye of the beholder”. I found the viewpoint of this section rather interesting, even in the article this was an interesting topic because money and things that we deem valuable have come such a long way it is interesting to see where they began. And in this case, the currency did not use to be a piece of paper or even a coin, it was whatever the people of the time deemed of value for their product or service. The author goes into further detail about this when they say “From food stamps to cigarettes, money means nothing if it has no value behind it.” This is exactly the point That I got from the article. As the species that created our economy, we are the ones who deem what is of value.
In the next section of this article, the author discusses how we as a society came to price things. As the author of this article states in early times there was no specific currency there was simply what we deemed valuable, and because of this, the economy was very different depending on where you went. It was also hard for there to be any form of standardization due to every business person thinking different things were of higher value. It was not until the world began trying to create a standardized form of currency that all the prices of things began to even out, and for a time there was only one kind of currency, this was the time when the economy made the most sense, unfortunately, it was not meant to last. Later on, the world was once again divided and this caused the formation of the currency exchange, where you had to convert one type of money to that of wherever you were traveling to.
In the authors, the last section of “What Creates Prosperity” they speak on the matter of whether or not money itself is evil. They do a good job of creating a divide between money and morality because, at the end of the day, it is not money making people do things, they would have found a way with or without money the decision was there's not a piece of papers.
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