Funny Money
Are Liberty Dollars funny money? They’re made of pure gold, silver, or platinum. Meanwhile, our Federal Reserve Notes have nothing of value to back them up except the word of politicians, and we know how much that’s worth.
Today’s cartoon contains an Easter egg with a little something extra! If you’re viewing from from another site or an RSS feed, visit the original site to find it!
Liberty Dollar was ransacked by FBI agents recently and everything in their inventory was taken. Ron Paul was asked to comment in this short video.
If you like today’s comic, browse products with this cartoon at the Anarchy In Your Head Store.
Cartoon Text ( Why is this here? )
Customer: Do you take silver rounds? Merchant: What the hell is this funny money? Customer: That’s an ounce of pure silver! Merchant: We only take real money! Customer: Paper Merchant: right.
November 24th, 2007 at 10:20 pm
Sad but true. The “good old green-back” is just paper. It has been losing value since the 30’s, when the government removed the gold standard. Now the green-back is backed only by faith in the government!
I’ll take real metal and real value. Awesome ‘toon Dale.
November 25th, 2007 at 6:38 am
As a consequence of the raid, Liberty Dollars are very scarce. On ebay the Ron Paul Libertys are going for $300-$500 each! Many people are scrambling to get Liberty Dollar Certificates so that they can join the class action lawsuit (as the silver backing the certificates were confiscated in the raid.) The store that sells collectable Libertys (going back to 1999) is having a liquidation sale- http://www.LibertyDollarUSA.com And with no more being minted until the end of any legal proceedings, it may be quite awhile before the prices of Libertys come back down. Even common Libertys are going on ebay for $40-$50!
November 26th, 2007 at 12:42 am
Screw that horsecrap about gold-backed dollars. Go back to college and take a basic economics course. Anything is only worth what people are willing to say it’s worth, whether it’s paper currency, gold, home mortgages, dot com stocks, or Dutch tulips. You’re deluded if you think that the precious metals market isn’t at least as screwed up as any commodities, stock, or currency market.
Time to pull your head out of the sand.
November 26th, 2007 at 6:29 pm
Hope you didn’t pay silver for your state education, swag.
November 26th, 2007 at 6:46 pm
Hmm… swag = statist wacko Alan Greenspan?
LOL
November 26th, 2007 at 9:02 pm
Swag,
As someone who has taken a few basic economics courses as well as several advanced economics courses I just have to say that you are an idiot. Value is not determined by what people say something is worth. For example. Your mother has been telling you that you are valuable when in reality you are worthless.
It also does not matter what value someone says something has. The government frequently says that certain goods and services must have a specific value in order to be sold. They can say that the value of the dollar is worth a certain amount but that means absolutely nothing. Your boss can say that the value of a night of your services is $5.00 but we all know that you are worth no where near that amount.
The reason is because value isn’t based on what people say but on what people are willing to pay. Value is basically a function of supply and demand. There is no demand for you which is why you are worthless and even though there is one of you, the market is already oversupplied.
Now when you compare paper money with gold. The supply of gold is far more stable than the supply of paper money. The reason is simple. The supply of paper money can fluctuate quickly and can easily be overproduced. Gold or any other metal is difficult to extract so the supply does not quickly change. It remains more stable.
How often in the history of money has there ever been a case of hyperinflation involving gold or silver? It happens frequently with paper money. That should tell you something.
Anthony
December 2nd, 2007 at 4:14 am
“Your mother has been telling you that you are valuable when in reality you are worthless.” - Anthony.
Nice. Thanks for the economics lesson in insult form. It’s a lot easier to follow that way
March 1st, 2008 at 4:40 pm
I thought everyone knew that SWAG stands for scientifically wild-ass guess.
November 17th, 2008 at 7:41 pm
Do any of you know why your country went off the gold standard?
It was because the french were buying up all the American currency they could, taking it back to France and melting it down for the gold
it was ruining your economy
so going back of the gold standard could cause the same thing to happen again