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Reload this Page A Question About Money
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Old Reliable is Offline
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Default 04-11-2003, 01:24 PM

Quote:
Originally Posted by Bleuachdu
Take an economics class. I took macro last year. While I've managed to erase 90% of it already via Coors Light, I can tell you that it was really complicated. There are several systems in place to prevent large sums of money to be over produced and systems to determine the "value" of money. oOo:
roflmao! no shit I took 2 years of business classes and learned jack
  
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Default 04-11-2003, 01:44 PM

[quote:024d8]There are several systems in place to prevent large sums of money to be over produced and systems to determine the "value" of money.[/quote:024d8]

To "determine" the "value"...

Exactly. mwah:

Some people are making up those little rules for our real Life Monopoly
game! biggrin:

Was it really that silly to begin with ? They just decided "Hey, we'll make
X amount of money and Y will be the maximum allowable limit." ? Can't
be that stupid...
  
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Default 04-11-2003, 01:58 PM

[quote="Old Reliable":653e9]you produce too much money and you produce inflation, thereby lowering the cost of each dollar (or pound) and that can't be a good thing. in 1930s germany, I believe it cost a billion german marks for one dollar. some astronomical money.[/quote:653e9]
actually, it was 4.7 trillion marks per dollar, i just learned that this month in class. Imagine having money THAT worthless....
  
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Office Depot is Offline
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Default 04-11-2003, 02:06 PM

This question is kinda like "Where did language come from?" or "How did the universe begin?" The answer to those questions: it just did. biggrin:
  
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Default 04-11-2003, 02:07 PM

I think there is only on other country in the world where our dollar compares to more that 1 of whatever currency they are using.
  
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