Redenomination and The Spinal Tap Fallacy

[DAME1]

Interesting Article from Iraq Business News.com

Covers how important it is to remove the Zero's from the currency because there is too much currency in circulation and then turns around and says well it really doesn't matter because they are now ready for electronic banking..left me scratching my head.......I don't know if this has been posted or not..... if so sorry.......

[dinarck]

Interesting Article from Iraq Business News.com

Covers how important it is to remove the Zero's from the currency because there is too much currency in circulation and then turns around and says well it really doesn't matter because they are now ready for electronic banking..left me scratching my head.......I don't know if this has been posted or not..... if so sorry.......

Ya got a link?

[Erebus]

http://www.iraq-businessnews.com/2011/04/20/redenomination-and-the-spinal-tap-fallacy/

[andy3978]

sounds like the Doc said LOP then RV.

Why's everyone so excited?

[DAME1]

Because once again they are talking out of both sides of their mouth.

Electronic and or Fractional Banking facilitates the RV.....as opposed to dealing with paper money.....lots and lots of paper money...