Msg. 06071 of 47202 (This msg. is a reply to
06069 by
Decomposed)
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...not related, but somehow this post made me think about a news story locally last night. Folks were going to a 5/3 bank and trying to get cash out of their ATM. The ATM was giving em postage stamps instead of cash. When people complained the bank told em it would take 45 days to straighten it out. The folks who got hit by this problem didn't look like they could hang around 45 days waiting on the bank to take back the stamps and give em their money back.
Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!
re: "what happens when that central bank or government cannot actually afford the paper and ink with which to print that money?"
It's not exactly unprecedented. What happens next is that larger bills get produced. Rather than printing ONE THOUSAND DOLLAR bills, the country begins printing ONE MILLION DOLLAR bills. After that, it begins printing on top of its old bills.
I've got German postage stamps that were originally one hundred marks, with the word "TAUSEND" stamped after the number "100." It would be funny if it wasn't actually indicative of a German tragedy that eventually led to World War II.
Successive stamps in the collection go on to be valued in the millions, billions and even trillions of marks.
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