In the age of unsecured currency, is a $100 bill really worth more than a $1 bill? Only because we all agree that it is. We can't afford for that social consensus to shatter, but how long can the illusion hold?

Money Trouble

WASHINGTON—The U.S. economy ceased to function this week after unexpected existential remarks by Federal Reserve chairman Ben Bernanke shocked Americans into realizing that money is, in fact, just a meaningless and intangible social construct.

Calling it "basically no more than five rectangular strips of paper," Fed chairman Ben Bernanke illustrates how much "$200" is actually worth.

What began as a routine report before the Senate Finance Committee Tuesday ended with Bernanke passionately disavowing the entire concept of currency, and negating in an instant the very foundation of the world's largest economy.

"Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we…if we…" said Bernanke, who then paused for a moment, looked down at his prepared statement, and shook his head in utter disbelief. "You know what? It doesn't matter. None of this—this so-called 'money'—really matters at all."

"It's just an illusion," a wide-eyed Bernanke added as he removed bills from his wallet and slowly spread them out before him. "Just look at it: Meaningless pieces of paper with numbers printed on them. Worthless."

According to witnesses, Finance Committee members sat in thunderstruck silence for several moments until Sen. Orrin Hatch (R-UT) finally shouted out, "Oh my God, he's right. It's all a mirage. All of it—the money, our whole economy—it's all a lie!"

Read Full Article...


© 2012 The Onion

 

 


Are Libertarians Part of the Conservative Movement?
By Matthew Feeney - February 09, 2012

The American Conservative at CPAC
By Matthew Feeney - February 08, 2012
Comments: 1

Is Santorum Pat Buchanan 2.0?
By Daniel McCarthy - February 08, 2012
Comments: 15

More


Rubio's Iran Hyperbole
February 09, 2012

Russia Still Isn't Going to Abandon Assad
February 09, 2012 - Comments: 1

What Would Arming the Syrian Opposition Achieve?
February 09, 2012 - Comments: 1

Arming the Syrian Opposition Will Provoke More Regime Violence
February 09, 2012

More


Identity Versus Philosophy
June 20, 2011

Ron Paul Won the Debate
June 15, 2011 - Comments: 4
More


Nicholas Wade on the Trade-Offs of Editing
December 20, 2011 - Comments: 1

Balls of the Moth
November 20, 2011 - Comments: 1

More



Detroit Misses the Train (Again)
By GLEN D. BOTTOMS

The Word From the UK
By WILLIAM S. LIND

 

 

 

Using technology licensed from Unz.org, one or more U.S. and foreign patents pending
Letters@amconmag.com
The American Conservative
4040 Fairfax Drive Suite 140
Arlington, VA 22203