Friday, December 11, 2009

A crisis and a game of monopoly

I remember playing monopoly. It was buying and selling land with made up money.

To quote Marge simpsons- "The game's crazy enough ..... How can an iron be a landlord?"

Its similar to the sub-prime crisis. People created false money to buy and sell lands. The money could either be traced to a loop of creative financial instruments or US Dollars which in turn would lead us to Fed Reserve's overworked dollar printing machine. Everyone felt good for some time. Then, the game got over.

Then they put the money back into the box, and closed it.

No comments:

Post a Comment