7.12.2007

Blades or rupees?

So what happens when money goes off the gold standard? Well... you could end up where the metal in the coin is worth more than the coin. Make sense to you? Check it out.

Forget about making money. Real wealth is in melting money and making razor blades.

What I found particularly disturbing about this story is the Indian government's response. Do they try to fix the monetary problem? No... they instead concern themselves with stopping people from making money by this incredible disparity in value. If India is serious about becoming a global economic power, they need to address the underlying problem.

1 comment:

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