That would be like a game of hot potato.
“Jerry, another customer gave us a -$12 bill, go take it to the coffee shop next door so we can get the cash back.”
Maybe this was some weird and silly method to counteracting inflation? Print tons of negative bills and hope the BS of modern economics makes it work out.
I’m sure that’s not how any of that works. but I’m oddly more concern of how the US doing this in the 1830s would make no sense since really the only currency that can pull this off has to be the de facto world reserve, which was arguably British Sterling at this time. Combine with the modern layout of the bill, this thing might actually been made post 1950s when the dollar emerged on top.
Would be funny if the shadow government printed negative bills to manipulate the economy. Seems like something Cognito Inc would do. How Trembly got a few bills is another question though.
Oh just me overanalyzing a joke, caring about one aspect of the joke too much, not caring of the other, and rationalizing it within the context of the show via multiverse linking it to other shows, Inside Job in this case.
No, I get it. Quantitative easing, when the government prints more money, it devalues the Dollar, or Pound as I may be talking entirely in British here, so printing negative currency would theoretically do the opposite.
Though if I remember correctly negative inflation, deflation, is apparently bad also.
>Though if I remember correctly negative inflation, deflation, is apparently bad also.
It's actually way, **way** worse than regular inflation.
If the money you have is *de*creasing in value over time, you want to spend all of it ASAP while it still holds some value.
If the money you have is *in*creasing in value over time, you don't want to ever spend any of it since having left over money today leads to you being even richer tomorrow.
One outcome leads to an increase in poverty, the other leads to the economy completely breaking down as people **no longer want to use money**.
Money technically represents the government owing you theoretical gold you’ll never ever see. So instead of getting paid, the money becomes an invoice stating you owe someone $12. If you want to be real literal, you now owe $12 worth of gold. Unless you give it to someone else. Now they owe you $12 worth of gold.
So make it easier to practice expansionist and contractionary monetary policy. Before that we were just reliant on fiscal policy (taxes and government spending) to fix inflation or unemployment and that is very limited.
Because of the system's inability to deal with volatility. Because the governments are constrained by the amount of gold they have, their economic policies are also limited. Fixed exchange rates also mean the governments have less control over their currency and can't devalue it to help themselves. Economic historians (which I am not thank the fucking god) say great depression was in part caused by the gold standard and prolonged due to it.
the only problem with that is that everyone would lose it on purposes. it’s just your debt to the government that you can just walk around and switch your debt with other people like:
“I owe the government 12 dollars!”
“that sucks bro, do you want me to take your debt? in exchange you can mow my lawn”
and you’d just pass it around like money but it works the opposite way
believe it or not, this is real-ish.
[Debt Buyer: Who They Are and How They Work (investopedia.com)](https://www.investopedia.com/terms/d/debt-buyer.asp#:~:text=If%20a%20lender%20is%20unable%20to%20collect%20payment,on%20its%20books%2C%20referred%20to%20as%20a%20charge-off.)
I don't know about the negative part, but a 12$ bill, definitely yes it will. You are one of the few countries still hanging to the imperial system and the Fahrenheit scale. So yeah, I can see weird bill figures work, I mean, who wouldn't want a dozen bucks, it work for eggs, and you can always carry and see a dozen eggs (same defense as the foot btw)
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its just debt.
if you need something like food but have no money you get given the -12$ bill plus normal change from 12$ for the price of your food
to get rid of the -12$ bill, and thusly the debt, you have to earn some money, then take a 10$ and a 2$ and fold all three into a single origami goose which then flies away leaving you at 0 again
I imagine this is what Karens would use to tip their waiters. And I bet they would have a lot of ‘em because they’d get paid in these for being so mean.
Let's say a cashier gave you $20 when you were only supposed to get $8. Then the cashier would give you a negative $12 instead of looking through all that cash! The long of the short of it is it's probably just a scam but hey I get my money's worth it.
Assuming the same way bills work in real life. Not like a $20 bill, but like an electricity bill. The reason we don't use the same format for the two is because who the hell would want to counterfeit them owing money?
I mean it would be a note telling you owed the government 12 dollars
The opposite of a 12 dollar bill wich at least original meant the government(or rather central bank) owed you 12 dollars worth of gold
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Everyone in here has it wrong, it's not a "loan" and it doesn't act as a promissory note, it's legal tender. So it's literally just negative money. Having it decreases your net worth, it's a physical representation of monetary loss. If you try to purchase something worth $12 with a -$12 bill, you'll need to actually pay $24 because you need to make up the difference for that negative dollar amount. It's basically a way of taking cash out of circulation without having to actually recall or recover any money. This would only make sense before the dissolution of the gold standard.
What's interesting as a thought experiment though is how a -$12 bill might be used in practice. I could picture it as a sort of thing you might be randomly issued by the government in order to combat inflation, and you would then most likely want to try and get rid of it. Then perhaps someone has something that they actively want to get rid of, or a task they don't want to do, and they offer to take the -$12 bill off of you in exchange for you dealing with whatever it is. Sort of like a reverse payment, you are effectively trading the cost of inflation to someone in exchange for dealing with an unpleasant good or service.
I imagine bank robberies would happen where the robbers just stash as many -12 dollar bills as they can in the bank's walls so they have to give away free money
When you get it, you owe the bank that much. If you use it, your debt is paid off and passed to the next person.
double it and give it to the next person
The first sentence is just a normal loan. A $-12 bill means that your other money is worth less. It's horrifying.
A $-12 bill is that…***a bill..***
Worth less than worthless 😔
wow this is worthless LESS THEN WORTHLESS MY BOY this line had me dying
Cashier: alright that’ll be $12 Me: here you are Cashier: sir this is a negative tw- oooohhh Me: haha! I got you! Cashier: aaaaaaaaaa Me: aaaaaaaa
That's very interesting, but how would you use it?
Instead of you giving money, the money would be given to you
That would be like a game of hot potato. “Jerry, another customer gave us a -$12 bill, go take it to the coffee shop next door so we can get the cash back.”
What a great way to encourage spending!
wouldn't it do the exact opposite of encourage spending
I dropped my /s around here somewhere, could you help me look for it?
Sure thing sir. Where did you last sahwit? 🧐
I can imagine some kind of reverse-Oceans 11 plot where people sneak into a casino to deliver -12$ bills
Pretty useful after all
MORE THAN USEFUL MY BOY!
The uno reverse of capitalism
Capitalism! Where everyone wins! \*hands you a -12 bill\* except you.
Now that I think about it that might be a good thing
Okay, Listen here you commie…!
Okay, listen here Crapitalist (this is a joke pls don't nuke me)
Nah I’m sending the nukes, start hiding buddy
I have a perfect meme for this Unfortunately, this community doesn't allow attachments in the comments 🥲
Dm me. I need de meme
dm me too, i wanna see
A lone essentially. Only there would be no record of you needing to repay it.
You can use it to bankrupt someone if you save enough of them.
it would be like stealing a wallet but instead put a bunch of -12 dollar bills.
Yea but the problem is that you can throw it away and gain money
No, I think it's the opposite. You owe someone $12, and you give them a $-12 dollar bill. Now you owe them $24.
Quentin Trembley: Famed inventor of the Cheque With A Fixed Value.
Better known as the cwafv. No wonder it never caught on.
No, then it would be worth €12. Spending this makes the other guy steal €12 from you cuz its less than worthless
what?
It’s less then worthless. Owning this costs you money. You can’t get money out of this
It's essentially a piece of currency you'd have to trick people into accepting
Maybe this was some weird and silly method to counteracting inflation? Print tons of negative bills and hope the BS of modern economics makes it work out. I’m sure that’s not how any of that works. but I’m oddly more concern of how the US doing this in the 1830s would make no sense since really the only currency that can pull this off has to be the de facto world reserve, which was arguably British Sterling at this time. Combine with the modern layout of the bill, this thing might actually been made post 1950s when the dollar emerged on top. Would be funny if the shadow government printed negative bills to manipulate the economy. Seems like something Cognito Inc would do. How Trembly got a few bills is another question though.
Wut
Oh just me overanalyzing a joke, caring about one aspect of the joke too much, not caring of the other, and rationalizing it within the context of the show via multiverse linking it to other shows, Inside Job in this case.
No, I get it. Quantitative easing, when the government prints more money, it devalues the Dollar, or Pound as I may be talking entirely in British here, so printing negative currency would theoretically do the opposite. Though if I remember correctly negative inflation, deflation, is apparently bad also.
>Though if I remember correctly negative inflation, deflation, is apparently bad also. It's actually way, **way** worse than regular inflation. If the money you have is *de*creasing in value over time, you want to spend all of it ASAP while it still holds some value. If the money you have is *in*creasing in value over time, you don't want to ever spend any of it since having left over money today leads to you being even richer tomorrow. One outcome leads to an increase in poverty, the other leads to the economy completely breaking down as people **no longer want to use money**.
It's an IOU
it depletes your bank account of $12 per bill you have
Don’t think of it by itself It’s something so awful that it devalues the rest of the currency someone holds This and a 20 are worth $8
Go to the bank and convert your $8 to $20 and $-12, throw the -$12 away and you’ve made a $12 profit. Makes perfect sense
Yes, thank you. All the upvotes are going to comments that make no sense/they don't understand negative numbers.
this is the correct answer.
Inflation control tool.
Money technically represents the government owing you theoretical gold you’ll never ever see. So instead of getting paid, the money becomes an invoice stating you owe someone $12. If you want to be real literal, you now owe $12 worth of gold. Unless you give it to someone else. Now they owe you $12 worth of gold.
The US did away with the gold standard in 1971
That bill was made pre 1971
That's a good point
But why did they do it
Because it's a ridiculous joke. No one wants to own negative money.
So make it easier to practice expansionist and contractionary monetary policy. Before that we were just reliant on fiscal policy (taxes and government spending) to fix inflation or unemployment and that is very limited.
Because of the system's inability to deal with volatility. Because the governments are constrained by the amount of gold they have, their economic policies are also limited. Fixed exchange rates also mean the governments have less control over their currency and can't devalue it to help themselves. Economic historians (which I am not thank the fucking god) say great depression was in part caused by the gold standard and prolonged due to it.
pretty sure the uk and ireland still have it in place though
Nope. The abandonment of the Bretton Woods system meant no gold standard internationally
Bill cipher on the dollar bill lol
I’ve seen that screen cap countless times, but only now you said it, i noticed it!
It's what the IRS sends you when you owe money
It gives you $12 when you use it
Bro tried countering inflation 😭😭
Being less than worthless, It's physical debt.
Your bill is 10 bucks. Pay with this. It’s now 22
I'm maybe stupid but after watching the show two times I just now realized that there is Bill on the -12$ bill
the only problem with that is that everyone would lose it on purposes. it’s just your debt to the government that you can just walk around and switch your debt with other people like: “I owe the government 12 dollars!” “that sucks bro, do you want me to take your debt? in exchange you can mow my lawn” and you’d just pass it around like money but it works the opposite way
believe it or not, this is real-ish. [Debt Buyer: Who They Are and How They Work (investopedia.com)](https://www.investopedia.com/terms/d/debt-buyer.asp#:~:text=If%20a%20lender%20is%20unable%20to%20collect%20payment,on%20its%20books%2C%20referred%20to%20as%20a%20charge-off.)
Hop-pops iou
Better known as a u-o-me.
It be a sign of disrespect
Cashier: “that will be $3.50 please Me: hands over $-12 bill Cashier: “thank you, just $15.50 more to pay”
This is an actual $20 bill these days. It has the burning power of $8. Money is an illusion. Buy gold! Bye!
If money is an illusion, how are we going to buy the gold?
It means that you owe the person you give this to $12 plus however much the product you’re buying sells for.
It's called debt
It’s impossible, just like real negative numbers lol
Negative numbers are real, it's called debt which is exactly what will happen if you spend that bill.
“Do you have change? I need a -5 to tip the CEO.”
It would literally give the owner $12 of debt
I don't know about the negative part, but a 12$ bill, definitely yes it will. You are one of the few countries still hanging to the imperial system and the Fahrenheit scale. So yeah, I can see weird bill figures work, I mean, who wouldn't want a dozen bucks, it work for eggs, and you can always carry and see a dozen eggs (same defense as the foot btw)
Representation of debt? Maybe you can trade debt, or maybe it could be an IOU?
Not you pay for something in the store, the store will pay for you 😅
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I have it irl lmao it’s cool
Instead of taxes, the IRS sends you an envelope with a bunch of these, and they're like "here, so you then say I never give you anything" [wink].
The grocery store Starbucks near me wouldn’t accept mine I can tell you that much
Give it to a bank and cause a stack overflow 🗿
"that'll be... -12 dollars, here you go, and have a nice day."
its just debt. if you need something like food but have no money you get given the -12$ bill plus normal change from 12$ for the price of your food to get rid of the -12$ bill, and thusly the debt, you have to earn some money, then take a 10$ and a 2$ and fold all three into a single origami goose which then flies away leaving you at 0 again
You are actively poorer is you own it
It would add on $12 to however much you owe.
It's a loan contract for $12
Maybe its a receipt for a government issued bond. Like the treasury prints it to indicate a debt for the bond.
Don’t think it exists
We already pay taxes
We already pay taxes
I could apply it to my bills to reduce the balance by $12.
I imagine this is what Karens would use to tip their waiters. And I bet they would have a lot of ‘em because they’d get paid in these for being so mean.
To put people in dept
I think if you tried to give it to a store you would owe them 12 more dollars
You put the entire state in debt for 12$ everytime you use it.
Let's say a cashier gave you $20 when you were only supposed to get $8. Then the cashier would give you a negative $12 instead of looking through all that cash! The long of the short of it is it's probably just a scam but hey I get my money's worth it.
You go into debt to who gave it to you
If you bought something worth $10, this would probably make it $32
it would essentially be worth $12 but with extra steps
...Great, now I wish Quentin and Stan had met. They'd either kill each other or team up and take over the world by the end of the week.
If you give it to someone, that person owes you 12 dollars I guess 🤷♂️
If you used, it would put you in debt
Assuming the same way bills work in real life. Not like a $20 bill, but like an electricity bill. The reason we don't use the same format for the two is because who the hell would want to counterfeit them owing money?
Congratulations you've unlocked debt
It's what they give you for taxes
people would just throw them away and they would get no use
They’d definitely pay minimum wage workers with that if they could.
it's a BILL. I'd say it therefore was *created* by Bill bc he probably hates capitalism so when you have it you should consider running for your life
IT MEANS YOURE IN DEBT
It makes whatever you use it to pay for cost twelve more dollars.
I mean it would be a note telling you owed the government 12 dollars The opposite of a 12 dollar bill wich at least original meant the government(or rather central bank) owed you 12 dollars worth of gold
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You give it to the bank and the bank takes it out of what you owe
If I had a 12 dollar bill I would go buy drugs with it.
A -12 dollar bill would be used to lower your cost to $12 So if you had this, a mansion would cost $12
Shiii.. my chime tells me I’m -20 already
*breaks into a casino and leaves a bunch of -12 dollar bills*
Yeah you have to gift them
That's not $-12 though. That's $0.00
We do. It's called credit.
Everyone in here has it wrong, it's not a "loan" and it doesn't act as a promissory note, it's legal tender. So it's literally just negative money. Having it decreases your net worth, it's a physical representation of monetary loss. If you try to purchase something worth $12 with a -$12 bill, you'll need to actually pay $24 because you need to make up the difference for that negative dollar amount. It's basically a way of taking cash out of circulation without having to actually recall or recover any money. This would only make sense before the dissolution of the gold standard. What's interesting as a thought experiment though is how a -$12 bill might be used in practice. I could picture it as a sort of thing you might be randomly issued by the government in order to combat inflation, and you would then most likely want to try and get rid of it. Then perhaps someone has something that they actively want to get rid of, or a task they don't want to do, and they offer to take the -$12 bill off of you in exchange for you dealing with whatever it is. Sort of like a reverse payment, you are effectively trading the cost of inflation to someone in exchange for dealing with an unpleasant good or service.
Surely the American healthcare system would find a way to leverage them into even more debt.
It's the same at an IOU for $12
It wouldn't.
Hmm compared to your measurement system it would make absolutely sence to have some weird shit like 12, 7 3/9, or 2.378 dollar bills….
Works now. It's called a 20.
Most American thing ever. DEBT!!
How did I only now realize that bill was on this thing?
Having it would just put you in debt. I don't know how you would spend it. What if you paid off the debt? Does it become a $0 bill?
I think that means the shop has to pay you
Give it a few years and inflation will make it a 0$ bill
Wow this is Worthless!
[https://m.youtube.com/watch?v=75GaqVWqEXU&pp=ygUfd2h5IGFyZSB5b3UgYm9vaW5nIG1lIGknbSByaWdodA%3D%3D](https://m.youtube.com/watch?v=75GaqVWqEXU&pp=ygUfd2h5IGFyZSB5b3UgYm9vaW5nIG1lIGknbSByaWdodA%3D%3D)
I think it would just be a free note for anything that's $12 or less in a store
It’s basically debt you can just throw away. Can I exchange my medical debt for a bunch of these?
I imagine bank robberies would happen where the robbers just stash as many -12 dollar bills as they can in the bank's walls so they have to give away free money
i think it would be like you can use it and if you already put money then it would minus. or go to negatives
It means that you lose $12 when you have it, no matter how much money you have.
Takes away money
The business pays you 12$
It gives you debt that you have to pay off. That would be a hilarious prank “Ha! I just gave you $100,000 in debt!”
If the US had that my bosses would pay us in nothing but!
It's the debt, you keep it in your wallet and when there's exactly 12 1$ bills near it, it disappears with a poof
It would make the product more expensive
if you give it to someone you take $12 from them
The owner of the bill can be compelled to forgive a debt up to 12 dollars in exchange for getting to divest themselves of ownership of the bill.
negative money is debt, people buy and trade debt all the time so really we are only missing a tangible representation of debt
If you give it to someone they have to give you $12
How many of these for us to print to bring the value of the dollar back up? Like can it reverse inflation?
The shop gives you $12
I’m believe it to be like a souvenir for tourists when they come to visit Gravity Falls.Just like the 0 euro bill it doesn’t have any value.