Money is what you give to government officials in the hope that they will, in return, at least perform their function, if not perform it in your favor. In India, the public is getting rapidly fed up with this sort of behavior, a legacy of the 70s when India sought to emulate the socialist utopia of the Soviet Union. To that end, this:
is being printed in large quantities to meet demand. It is apparently a good enough copy of real currency to be snatched quickly by a corrupt official.
Glenn Reynolds suggests it might make a good envelope stuffer for American pols seeking contributions to their re-election funds, and darkly hints it might be good for paying this years taxes, too. Well, maybe not good, but certainly appropriate.
Anyway, such a bill should be developed for use here, too. Maybe starting with the U.S. $100, revalued to zero.
Maybe I can get a Nobel prize in Economics for finally inventing fiat money with an actual value on it. Maybe I'll get arrested by the Treasury department for giving the game away.
Sunday, February 7, 2010
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2 comments:
There's always these.
Talking about money reminds me of watching Eddie Murphy in "Pluto Nash" again the other day. He mentions stacks of currency "That's a lot of Hilarys" - $10,000 bills, with President Clinton's wife's picture.
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