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Letter Re: Give Your Kids $100 Billion for Christmas: An Economics Lesson

Hi Mr. Rawles,
Thanks for SurvivalBlog and for your novel “Patriots [1]“. Both have been real eye-openers.

I have several nieces & nephews that I (like many people, I’m sure) take care of on birthdays (and sometimes Christmas) with a card and some money enclosed. This year I thought it might be fun to send them 100 billion dollars [2] along with the card and note. I looked around, and lo and behold, several people are selling Zimbabwean currency on eBay [3]. Prices and denominations vary, and of course it costs millions (trillions?) percent more than it’s actually worth, but we’re still talking a couple of bucks for a note. The novelty value alone is worth that, and it just might be a subtle way of giving them a glimpse of currencies and inflation, and a gentle way of giving them some perspective on how good we have it in America (and how bad things could become). And I’ll probably still throw in a twenty-dollar bill. Thanks, – Dave W.