It’s not really a laughing matter for those on the wrong side of currency trends but a user on longorshortcapital.com has come up with one of those amusing-yet-sobering insights into the direction of the US peso – er, dollar.
Even as economists have derided the US dollar as heading toward parity with Monopoly money, Monopoly money itself has held its value with marked consistency, writes user Ignatius.
Price of Boardwalk in 1950: m$400
Price of Boardwalk in 2007: m$400
Concurrent decline in the purchasing power of the U.S. dollar: 87%
Recommendation: Not only would the switch to monopoly provide the US with a more stable currency, but it would also grant the Fed even further control over the economy by enabling them to set the “house rules.” By determining the “Free Parking Rules” and financial outcomes from such events as “rolling snake eyes” and “landing directly on Go”, the Fed could steer the economy with even greater precision. Too little liquidity? Just tell the “banker” to actually become a bank and provide loans rather than solely acting as a cash register. More research is needed, but there seem to be real and compelling reasons for the US to switch to the Monopoly currency.
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