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lowphat Loyal user Michigan 240 Posts |
What better way to explain the concept of monetary inflation than with a little bit of money magic...
http://www.youtube.com/watch?v=pW7noDrIYlY |
Father Photius Grammar Host El Paso, TX (Formerly Amarillo) 17161 Posts |
Cute use, Eric.
"Now here's the man with the 25 cent hands, that two bit magician..."
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Jonathan Townsend Eternal Order Ossining, NY 27297 Posts |
Has anyone printed up Billion or Trillion dollar bills for doing that kind of trick?
...to all the coins I've dropped here
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gadfly3d Special user 963 Posts |
The trick looked great, but a couple economic quibbles, first you would collect interest. The other point is that the increase in the money supply by actually printing money is not the primary source. The Fed and the banking system can increase the money supply without expending any ink at all: by just electronic bookkeeping entries.
Gil Scott |
lowphat Loyal user Michigan 240 Posts |
Gil,
of course we'd collect interest which would certainly make up for some inflation, but certainly not coming close to all. During a period of hyper-inflation I don't think any interest gained would make much a difference really. I agree of course on the increasing the money supply just by electronic book keeping, but was trying to keep the video under 5 minutes so people wouldn't lose interest. Let's face it... monetary policy isn't exactly the most riveting subject Thanks for the feedback guys. I'll be putting a shorter video together shortly illustrated a slightly different way based off an idea Jonathan recommended via PM. |
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