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Duck Tales inflation lesson
Friday, February 05, 2010
Even though this is a cartoon, it provides a pretty good explanation of what goes on in a pure fiat money system where trust is placed in the central bank and the government to not abuse the power that they and only they have to create money.
Spotted over at The Daily Bail where there seems to be an inexhaustible supply of interesting things to watch on YouTube.
3 comments:
I used to love that show. I still remember that episode as well.
what the ducks don't understand is that if you can just print up a little extra money, things go much better.. of course, over the long run that doesn't work, but, over the short-run it works just fine.. unfortunately, we're now in the long-run
brilliant
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