Re: Printing Money -Reply

[Brian Considine <CONSIDBR@xxxxxxxxxxxxxxx>]

Jim Devine wrote:
>BTW, has any government ever dumped money from airplanes or
>helicopters? Rumor has it that the Chaing kai-shek government did
>this after WW II as it was losing the Chinese civil war.
>(Of course, most money enters the economy through the banking system
>rather than though the air force.)
V. Chick wrote:

>I used to possess a clipping, now tragically lost, about the US
>troops dumping money from a helicopter on Vietnam, to destabilise
>the economy.
>I found this item when in Australia, so some time between July 1975
>and Dec 76, most likely from The Times (London), if anyone wants to
>try to find it. V. Chick

I know that trying to destabilize an economy of an enemy by dumping
phony money on them has a long history.  Some time ago I remember
that they found the plates for fake British Pounds in (what I believe
to be) a German lake.  During WWII the plan was to print pounds and
try to inflate the British economy.  Also a year or several ago, the
New York Post had a big headline on plans by Iran, or some middle
eastern nation, to print US$.  A believe the story of the pounds was
from an episode of NOVA on counterfeiting currency.

BEC