Liquid Tide: Black Market Money
by Gary North: Uncle
Gary's Bedtime Story: 'Why Congress Invented Tax-Deferred IRA Accounts'
USA, thieves are stealing bottles of liquid Tide.
I did a Google
search for these three words: liquid Tide theft. I got a
lot of hits.
could steal anything. Why are they stealing Tide? Because Tide functions
as a black market currency.
as currency, a commodity needs the following:
value in relation to volume and weight
on all six.It is weakest in #6. But it has a high enough value to
be worth stealing.
develop alternative currencies when the economy gets tight. These
currencies are not taxable. Profits are not taxable.
If people are
looking for an item to store for preserving long-term value, Tide
would be a good candidate. Gold is better, but Tide is good.
thinks the economy is close to collapse I dont
liquid Tide would be a prime candidate for barter.
Even if you
allergic to detergent I am (the only thing I am allergic
to) Tide would be something you could swap for soap. It is
easier to make soap than detergent.
guy has the right attitude:
this is all just a bizarre shoplifting trend that will soon pass
or one of the weird ways in which the down economy is rearing
its ugly head (most likely a combination of the two), Im
not going to worry until theres a shady character on every
other street corner pushing bars of Fels-Naptha.
Psst. Hey buddy, I got something here for you excellent
even better stain pre-treating abilities. Soothes
bug bites and poison ivy rashes, too. Ill give you a good
deal. Then, Id know that something is really wrong.
For more on
Tide as black market money, click
North [send him mail]
is the author of Mises
on Money. Visit http://www.garynorth.com.
He is also the author of a free 20-volume series, An
Economic Commentary on the Bible.
2012 Gary North
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