Check out this reverence for the loller dollar – yep, there’s a country where American money is actually run through washing machines to keep it clean and smelling nice. (No Polish jokes, please.) That country is, not surprisingly, Zimbabwe, where the zimdollar became useless for anything other than kindling and was replaced as legal tender [...]
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Some fiddle while Rome burns, Larry Summers snores while Washington prints. (Prints money, that is.) And now, he’s asked to fire up the presses again: Larry Summers, the senior economic adviser to President Obama, reportedly asked Congress yesterday to begin drafting plans for a second stimulus package to prevent the economy from suffering a double [...]
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I love this photo, and I love finally getting mileage out of the “loller euro” tag, considering how long the dollar’s been the laughingstock of currency exchange booths in Western European airports. But anyway. In the last few days the euro has set a 4-year low against the dollar, Germany got pissy with its short [...]
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Yesterday, the W.C. Varones blog posted this handy chart of “then and now” pricing provided by the University of Southern Cal in a fundraising newsletter, which shows 1000%+ inflation in prices between 1959 and now. Then, today, Bloomberg publishes this article in defense of the dollar, calling its weakness “illusory”: For all the concern over [...]
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The home of the Loller Dollar is probably used to taking a little bit of guff these days. China, Russia, Venezuela… well, they’re known for being mouthy. But now our neighbors to the north are flaunting their duck money like it MEANS something, and no, I’m not talking about the Tim Horton’s they put next [...]
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