Professor Mark J. Perry's Blog for Economics and Finance
Posted 8:26 AM Post Link
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I sense a certain Dr. Evil will be pleased about this.
Check out eBay. $100 trillion notes are available! I wonder if, in the future, people in China will be buying $1 million U.S. notes?
I bought myself a $100 trillion dollar note a week ago for $1.30 shipped. It was first-class mailed from Britain, so deduct the price of the stamp and effort to mail it and that is what the note was worth. I still want to know why Zimbabwe has not flooded E-Bay with notes for sale straight from the Zimbabwe central bank. Or, maybe they have, and this is the price where they maximize total revenue.
I have a framed copy of that bill on my desk. It is next to the 2 million mark I have from 1923 Germany and next to the framed Bre-X business card.Do you see the trend?
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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