The Humble Libertarian

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Monday, September 26, 2011

Monopoly Money and Federal Reserve Notes Side by Side: When You See It You Won't Believe Your Eyes

Someone at the Bureau of Engraving and Printing has a sick sense of humor... and the joke's on you. It's all monopoly money. Worthless. There may have been a little bit of photoshop magic on the image above, but if you look at an image of all the dollar banknote denominations, it's really not too far off at all:


And never, ever forget that in the official rules for Monopoly:

"The Bank 'never goes broke.' If the Bank runs out of money, the Banker may issue as much as needed by writing on any ordinary paper."


2 comments:

  1. It's a medium. Like an "IOU"
    It does not need to have any valuation of it's own.
    I can wright a IOU to some one saying IOU 10 pounds of carrots.
    Why dig holes in the ground and waste energy to give valuation to the IOU other than being a medium of exchange.

    The problem comes when politicians and their Central Bankers start
    issuing more IOU's than the goods they represent.

    Replace Central Banks with a computer that issues monetary expedition
    at the same average GDP rate of the past 20 years with very small automated adjustments and keep the FED only as a banking clearing house.

    P.S. Also get Central Bank planers out of interest rates fixing.
    Let rates float naturally after all why should the cost of money be any different than the price of Coffee.

    ReplyDelete

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