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Then I want you to listen to a podcast from This American Life:https://www.thisamericanlife.org/423/the-invention-of-money Then I want you to watch the following short video about...

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Then I want you to listen to a podcast from This American Life:https://www.thisamericanlife.org/423/the-invention-of-money
Then I want you to watch the following short video about money:https://www.theatlantic.com/video/index/278980/what-is-money/

Discussion Questions:1) After reading the comic and listening to the podcast on money, discuss at least 2 concepts about money that you learned and found interesting.2) As the world becomes more digitized, should we get rid of paper currency? Why or why not? What are the pros and cons of not using paper currency?
Answered Same Day Mar 02, 2021

Solution

Tanaya answered on Mar 03 2021
157 Votes
MONEY
Table of Contents
1) Two Interesting Concepts Related to Money    3
2) Whether the World should get Rid of Paper Cu
ency and Reason    3
3) Advantages and Disadvantages of Not Using Paper Cu
ency    3
References    4
1) Two Interesting Concepts Related to Money
One concept is money is fictional, it is an artificial construct in between what one values and what one does not at the same time. With the increase in inflation, the value of the money also decreases. Moreover, this is a continuous process. As the audio states, Brazil, who faced inflation for 5 decades, had to revise the prices of every object constantly each day. The other concept is money being compared with stone money (This American Life, 2011). The stone money even it is huge and heavy, and no one can move it, one knows it exist and it is there. It...
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