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Personal Finance / Macroeconomic Trends & Risks
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Author: rnam   😊 😞
Number: of 4163 
Subject: Squillions
Date: 05/23/26 8:54 AM
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Great article by John Lanchester on money laundering and the futility of AML regulations.

https://www.lrb.co.uk/the-paper/v48/n09/john-lanch...
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Author: OrmontUS   😊 😞
Number: of 4163 
Subject: Re: Squillions
Date: 05/23/26 3:21 PM
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Just before France joined the Euro, they passed a law requiring all Francs to be exchanged for New Francs at the ratio of 1:1. It caused havoc in the underground cash economyh as people with piles of banknotes had a lot of explaining to do.


Jeff
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