Only Criminals Use Honest Money

Mises.org Updates  2009-06-03  Syndicated

Fiat money does not exist in prison. Prisoners do not dye sheets of paper green and attempt to circulate them as money. No inmate would accept this as money, not even if the penal equivalent of a Bretton Woods agreement existed between the toughest gangs. Why is it that criminals continue to use real money in their transactions? Because they have not been fooled. FULL ARTICLE

theCL: great article on paper money.