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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Win-Lose-Draw who wrote (45480)11/14/2005 3:35:44 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 110194
 
Please instruct us on your alternate reality where currency becomes money before it enters circulation.

In your fantasy, does currency become money:

as soon as the ink gets pressed onto the paper;
or only after the ink is dry;
or only after the sheet is cut into individual bills;
or only after the money leaves the mint?

Here's a stumper for you. You can purchase sheets of $1 bills which are not yet cut into individual bills - yet the bills in this uncut sheet are included in MZM. How is that possible?

Or maybe, just maybe, currency only become money once it enters circulation. Ding! Ding! Ding! Correct answer.
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