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Business & Marketing
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Article Discussion on Macroeconomic Business & Marketing Essay (Essay Sample)

Instructions:

Please provide comments on the attached article.
Book reviews are a good way to get the main points of a book, without having to read the full thing. This article is a review of a book dealing with the history and development of modern money (or paper banknotes). What is interesting here is the surprising difficulty of establishing and maintaining a monetary system. What does this history imply for current challengers to paper money, such as cryptocurrency?
Your objective should be to understand the ‘main objectives’ or ‘takeaways’ of the article.

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Article Discussion on Macroeconomic
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Article Discussion on Macroeconomic
William Roberds’ “Review of Making Money: Coin, Currency, and the Coming of Capitalism by Christine Desan” discusses the revolutionization of money. One of the primary things that one learns from the article is that the large-scale introduction of banknotes was not something that came and went, but it had far-reaching effects, some of which are felt even today. In particular, monetary innovation is compatible with financial stability, only where there is a supportive environment, which might take many years to develop. The most interesting thing about this article by Roberds is that it reveals how it is challenging to maintain a monetary system.

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