Blog :: Fiat finger food


Feb 10 2009 2:34am

Fiat finger food

Tom Lee proposes an economic stimulus alternative: chocolate gelt.

We need more money flowing around, right? But we can't just print more money because of the inflationary risk, right? It has to be short term — new money that disappears after a while. The answer is simple: chocolate gelt. Edible currency. Fiat finger food! It'll circulate for a while, then gradually disappear as people consume it. For those of you who still believe in economics, I think the technical rationale is that the currency will be consumed once its marginal deliciousness (or whatever) exceeds its face value. Personally, I think it'll probably just be consumed by the drunk, hungry or drunk & hungry. Either way, there's a built-in safety check against long-term inflationary effects.

There are of course some practical concerns. The foil would have to be significantly upgraded to make regular handling of the currency viable — perhaps some sort of carefully engineered tin design would be necessary. Also, it may be that chocolate is too cheap (or melting-prone) a commodity to turn into a useful form of currency. Or perhaps forgers would refill empties with Hershey's chocolate — presumably inferior to delicious federal chocolate. But there are solutions to these problems. Maybe we could use ampules of liquor. Or, simpler still, the government could storm Hidden Valley, seize its ranch-producing operations and make the Treasury Department the only source of our precious national condiment.

The Muslim countries will call it 'Jew-money' and cease to trade with the US. ;-)

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