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What is Money?
Temesgn kebede 09-20-20
It is a medium of exchange in place And a store of wealth as in a gem, Topz or turquoise No less an object a strange.
Like any other gadget Be it in the rich man’s pocket; Or in a bank’s basket, Is up for a sell, do not forget! Its prices are the interest And/or the exchange rates paid The market laid.
Please do not glee! Money is an Apple on a tree If the tree produces 120 fruit
Each sold for two Birr notes The orchardist’s income no doubt would be double the number of the fruit he touted.
Then there comes the query - How much would be the supply of money? If you sell 10 apples every 30 days The number of times the same currency That visited the apple tree as a pay Will be 20 Birr Per se: How you might say? Well, Money supply * Constant Velocity; Making party! The Price * scarce Resource Capacity. Take, the above example as a veracity:- M * V = P * Y 20 x 12 = 2 x 120
If for some reasons of rapacity Increase money supply, In excess duplicity An adventure to satisfy
Assuming the same tree standing by Worse still, if there is also a sly Monkey residing nigh The price of an apple will soar high. Inflation hyper flies!! So, if the authority prints twice more The price of an apple will double to four. 40 x 12 = 4 x 120 An apple then becomes a rare commodity; Everyone cherished it no longer As an esculent but for its beauty; A quick rich bounty: In a nation marred with improbity!
It will then be offered as a dowry For those chosen the bride to marry, Whilst the labourers toiling in a quarry, Disheveled and unkempt go hungry! Alas! That is the Story, Albeit a gory; The flip-side of unearned glory!!
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