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NEWS > U.S.A. > TREASURY DEPARTMENT CONSIDERS USING MONOPOLY MONEY
TREASURY DEPARTMENT CONSIDERS USING MONOPOLY MONEY
February 8 2010
Washington, D.C. – The economy of the United States has no doubt endured an incredible battle over the last few years. There are few people that expected things would be this tough, but an equally small number of people who felt that the economy 
was at a serious long term danger. That is in part because of how large the economy truly is, much bigger than any other economy in history. Even today, it triples the number two economy, that of China, meaning that no matter the battering it takes, the U.S. economy will remain strong for many years to come.
There are risks of course and serious challenges ahead even for such a dominant economy. The recent housing and mortgage crisis showed the world serious chinks in the armour of the dollar and partially as a result of that, many countries are starting to diversify their investments. The recession has also prompted a call from major countries such as Russian and China to move away from the dollar as a standard and replace it with something more tangible, such as gold. While much of that is talk and sabre rattling, the recent hit has undoubtedly scarred the world’s greatest economy. Now in a controversial move, Treasury secretary Timothy Geithner has suggested that the U.S. might want to consider moving to a monopoly money standard.
“We must recognize that the era of irresponsibility in Washington must end. In the long term, we cannot have sustainable and durable economic growth without getting our fiscal house in order,” said President Obama. “We must look at all options and think in ways that previous administrations have not done. We are in unique times and we must deal with them in a different way. We can no longer expect that the economy will continue to grow and remain healthy by simply doing what we have done in the past. We must think outside the box and look at growth and sustenance with a whole new perspective.”
It’s not clear how monopoly money will come into play in this radical rethinking of the economy, but it’s believed that should such policies would be little ‘funny’.
“The question, well at least one of the many questions, would be whether or not they will adapt the money to different standards or just take it as is. It would only add one new denomination but there could be serious issues with the amount of money already in circulation. One of the biggest threats to any economy is ‘printing money’ which Hasbro has been doing for decades,” said Scrape TV Business analyst Ken Green. “You would think that they would also have to implement new security procedures. The way Monopoly money is right now it is very easy to reproduce which could be disastrous to the long term stability of the economy. With so many dollars already in circulation and counterfeiting so easy the amount of money floating around could bankrupt the country.”
It’s not clear if the money would also retain its colourful appearance.
“It’s interesting to note that Geithner spent part of his childhood in Zimbabwe which has been using Monopoly money for years. One has to wonder if that is perhaps where he got the idea, or if Hasbro officials had something to do with this,” continued Green. “Each game has a little over $15,000 dollars in money which means that they would be able to charge at least that, perhaps a little more because of the board and the little pieces. That would mean great things for Hasbro’s bottom line but could cause problems for the average person, especially those who like board games.”
Hasbro officials did not return our calls.
Mike Michaels, American Correspondent
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