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Shoe by Gary Brookins and Susie MacNelly for May 27, 2010
May 26, 2010
May 28, 2010
Um, actually, it’s ALL Monopoly money, and its only value is the confidence we have that the Guvmint will hold together long enough to pay off.
It’s the same thing that allows for ‘con men’; we believe.
In the sixties, an Econ 101 course I took mentioned that 2/3 of the ‘money’ in the world was bits on tape. Anybody know what the ratio is now? Probably 10% or so?