Currencies and Inflation

Virtual Money

Photo credit: re_birf

We’re moving away from cash, it’s mostly virtual money now. If you were working at a bank – and had access to computers – I wonder how hard would it be to add a zero to select few bank accounts? Nobody needs to lose the money, just a few accounts would gain some. What’s the harm? Well, if you were to do that, you’d just dilute everyone else’s money a little bit, inflate. It would be sort of a localized Fed injection of money.

I thought about it after watching “America: Freedom to Fascism”. Even IRS (!) of all things has trillions of missing money every single year, so they just write it off as “undocumented expenses”.