h a l f b a k e r yBunned. James Bunned.
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Every dollar that is destroyed or lost contributes a dollar to the economy, fighting inflation. At the same time, dollars seem to have no purpose except as a medium of exchange, or very occasionally in origami or ingesting powders. If more people would willingly destroy their money, it would benefit
us all. I give you: novelty dollars. Made by contracted companies under careful security, this wide range of products includes coffee mugs, place mats, and can openers, each one with an indelible serial number marking it as legal tender. While contributing to deflation, these novelty dollars would make themselves useful in myrad ways, and provide a clear signal, where desired, of the value of a gift (or Giffin good).
Up next: Novelty Dollar Ice Sculptures
https://archive.org...burn-a-million-quid
[pocmloc, Jun 20 2026]
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//If more people would willingly destroy their money, it would benefit us all.// |
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You're gonna love the current round of IPOs. |
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I remember reading about a harpsichord restorer in the US who said that dollar bills were the perfect source of paper shims for loose or slipping tuning pins. As I don't have easy access to US dollar bills or indeed a harpsichord, I have not been able to test this theory. |
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In Britain in the 1690s, the face value of the coins was less than the value of the silver they were made from. Proper silver coins vanished and only flattened coins with a clipped edge were left; even they were in short supply. A row ensued: some wanted to issue treasury money based purely on trust, since silver has no intrinsic value anyway, and money is simply a measure established by the state; the 'Chartalist' view. The Treasury wanted to recall the coinage and reissue it at a 20-25% lower weight. The argument was won, however, by John Locke in 1695 who advised Sir Isaac Newton, then the Warden of the Mint, that the government stamp on the coin was simply attesting to the purity of the coin, and it wasn't going to be possible for governments to tamper with this fact. Clipping and false coining was not just robbery but treason! The only thing to do would be to recall the currency and restrike it with exactly the same value that it had before. Sir Isaac perhaps wasn't that street smart, and this was done. Perhaps inevitably, the results were disastrous; In the years following, there was almost no coinage in circulation; prices and wages collapsed, and there was hunger and unrest. Only the wealthy benefitted because they could trade the new credit money representing a proportion of the king's debt, in the form of notes, eventually becoming available in lower denomination and even small change tokens. Anyway... I'd say it's now contactless, mostly, round here at least. |
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