Worthless Money Has a Price Now


Best holiday card of the year: the one from (Chicago-based and Objectivist-believing!) CapitalistPig Asset Management, who sent out defunct Zimbabwean currency. Actually, the firm sells the bills, for a rather unreasonable price, as their value is probably something near zero. They also sell t-shirts. (Would you get your portfolio evaluated by a firm that bothered to sell t-shirts? I personally would not. Your mileage may vary.) Keep in mind that, not long before the currency was suspended, an egg cost $50 billion of these “dollars.”