RE: If paper money was banned & silver & gold came back, what would happen?
February 28, 2015 at 7:42 pm
(February 26, 2015 at 10:03 pm)ChadWooters Wrote: Deflation.
Manager: If we could move on to the subject of fiscal policy?
Ford: Fiscal policy? How can you have money if none of you produces anything? It doesn't grow on trees!
Manager: Since we decided to adopt the leaf as legal tender, we have all of course become immensely rich. But we have run into a small inflation problem owing to high leaf availability. That means the current rate is something like three major deciduous forests buying one ship's peanut. In order to obviate this problem and revalue the leaf, we've decided on an extensive campaign of defoliation and burn down all the forests. I think that's a sensible move, don't you?
Golgafrinchans: Fiscally shrewd! Very, very sound!
At the age of five, Skagra decided emphatically that God did not exist. This revelation tends to make most people in the universe who have it react in one of two ways - with relief or with despair. Only Skagra responded to it by thinking, 'Wait a second. That means there's a situation vacant.'