4 ms·
But we already have $hit for currency--the US dollar. Ben Bernake is pinching off $2.793B/day. Compared with the US dollar, cow pies have actual intrinsic value
by ergoproxy 13y ago
But we already have $hit for currency--the US dollar. Ben Bernake is pinching off $2.793B/day. Compared with the US dollar, cow pies have actual intrinsic value:
1. You can burn them to make heat or electricity. By contrast, it is illegal to burn US bank notes: http://www.law.cornell.edu/uscode/text/18/333 http://www.law.cornell.edu/uscode/text/18/333
2. Burned cow dung repels mosquitos. By contrast, US dollars attract blood-sucking bankers.
3. Cow pies used in building materials are a cheap thermal insulator. By contrast "cold cash" and "hot money" are just metaphors.
4. Cowpats are a fertilizer and may be used to produce agricultural commodities. It may be true that "Money begets money" (or M-M'). But US currency can't produce real goods or services that people want unless its invested wisely, and right now the US is printing money to blow housing bubbles.