The Value of Worthless Money

Discussion in 'Coin Chat' started by mrbrklyn, May 15, 2012.

  1. mrbrklyn

    mrbrklyn New Member

    http://www.thedailybeast.com/newswe...siders-the-politics-and-art-of-inflation.html


    [h=1]The Value of Worthless Money[/h] Apr 30, 2012 1:00 AM EDT [h=2]An exhibit considers the politics and art of inflation.[/h]


    [​IMG] The Zimbabwean 100-trillion dollar banknote has become a collectible. (Courtesy of Francois Velde and the American Numismatic Society, NYC)
    The worse a nation’s economy, the more inflated its currency.

    That’s one of the takeaways from Signs of Inflation, a new exhibition at the Federal Reserve Bank of New York. The show, presented by the American Numismatic Society, looks at the history of inflation through the 7th century B.C. to present day. (Yes, even Ancient Rome experienced inflation—it needed to finance those wars.) Signs of Inflation includes almost 200 monetary objects, ranging from engraved gold coins and cowrie shells to twisted iron rods and handwritten IOUs. But it also demonstrates the myriad, complex ways a bank note—or coin, shell, or what have you—reveals a society’s political and economic health. And it does so through treating money as partly an objet d’art.
     
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  3. Cherd

    Cherd Junior Member

    Heh, bought one of those a couple years back for about 3 bucks. Nobody believes me when I tell them that I am a 100 trillionaire.
     
  4. Kirkuleez

    Kirkuleez 80 proof

    What is the exchange on that?
     
  5. jjack

    jjack Captain Obvious

    We already had a topic on this a week ago :rolleyes:
     
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