Discussion Post: Principles of Macroeconomics
Prior to beginning work on this discussion, read Alejandro Chafuen's article, Moralists and Money: From Gold to Bitcoin, and respond to the following components:
a) Define money and describe its functions.
b) Is money a root of all evil? Why or why not?
c) How are paper money (fiat) and commodity money different? How can paper money be validly used as money?
d) Are credit cards money? Why or why not?
e) Are cryptocurrencies such as Bitcoin, Ethereun, Ripple, Litecoin, Monero, money? Why or why not? Discuss thoroughly.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.