stackyFACTSGone are the days when coins were tied to physical gold bars. Modern bills have worth exclusively because men with badges declare they are valid for paying mandatory federal taxes.
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Sometimes a piece of paper is so stubborn it outlives the dictator who commissioned it. After the Gulf War, Saddam Hussein printed new, cheap money and…
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The old myth that firing up the central bank printing press instantly makes your cash worthless ignores where the funds actually go. If all that newly printed…
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While microeconomics worries about why you chose to buy a generic brand, macroeconomics zooms so far out it loses sight of the individual entirely. It…
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The government spends mere pennies to produce a piece of woven paper that society collectively agrees is worth a hundred times that amount. It is the greatest…
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In a beautiful display of Canadian politeness and economic absurdity, Canadian Tire stores issued so much colorful loyalty paper money that it became a de…
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The higher the value, the lazier the bill. A $1 note constantly changes hands, getting crumpled, folded, and stuffed into pockets, giving it an average…
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