Tuesday, October 12, 2010

Fiat money in action

While we are on the subject of our trip we managed to go to the Bureau of Engraving and Printing building in WASHINGTON ,D. C.
As mentioned in previous posts they print 'FIAT'money and we observed how they actually print the notes for our country.Over nine hundred million dollars is printed every day but according to our guide this is mainly money which replaces old worn out notes. However,it is still not backed by anything.
Irregardless, it is a great tour and free to the general public as all of Washington's museums are.

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