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Fiat Money

by Jadrian

Stan describes the economy as being both real and not real at the same time. The market works because people believe in the economy and believe that paper money and plastic can count as spending. The concept of fiat money stems from people's belief that the currency they hold actually has true value. This differs from commodity money in that the currency is not tied to a single asset.

South Park -- Invisible Hand

Kyle describes the economy using the notion of an invisible hand

from South Park (2009)
Creator: Trey Parker and Matt Stone
Distributor: Hulu
Posted by Jadrian
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