money on Scrooge's bin
Wilmer Rivers
rivers at seismo.CSS.GOV
Mon Apr 4 01:33:56 CEST 1994
John M. Baker writes:
> Why doesn't Scrooge just put
> his money in banks and receive a return on his investment? Although the
> emotional meaning of the money to him should not be discounted, it also
> cannot be the whole story. One answer is that the money has a tangible
> value as an investment, because of the scarcity of the coins and bills on
> the collectors' market; banks would not give him credit above the face
> value, and extensive sales to collectors would depress the market.
> Second, bank deposits are insured only to the first $100,000, and Scrooge
> is undoubtedly concerned about safety.)
And third, Scrooge himself undoubtedly owns the bank! Do you think he's
about to pay himself interest?
Wilmer Rivers
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