It's been suggested before only as a joke, now let me reiterate it as a half-joke. If printing money is the answer to massive debts and global deflation could we ask that central banks print money on toilet paper so that it's rendered useful if zimbabwe-style inflation sets in? If the quality of paper is smooth and rectum-friendly we won't need foreign exchange markets either. We can just barter, trade, swap, insure or invest in each country's toilet paper comparative advantage. And unlike forex markets, almost every single person in the world uses toilet paper. We're talking of a potential 7-billion-people-essentially-single-currency economy here. Keep it in mind please!
http://www.thinkaloo.com
Sunday, July 26, 2009
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