Twenty Dollars Can Buy Many Peanuts! Money and The Simpsons

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Abstract

Homer Simpson : “Bart, with $10,000 we’d be millionaires; we could buy all sorts of useful things ... like love!” (“Bart Gets an Elephant”). Homer is right (sort of). Money is something that is generally accepted as a means of payment for goods and services. It functions as a medium of exchange, a unit of account, and a store of value. Milhouse Van Houten: “I can’t go to juvey! They use guys like me as currency!” (“Trilogy of Error”). Actually, Milhouse does not possess the properties that would make a good candidate for money. Money arises from commodities that are widely-valued, portable, divisible, and durable. Homer: “I can’t print my own money!” (“Half-Decent Proposal”). Right again, Homer! But it’s not only the government that can print money. In fact, private banks create the majority of new money in the US.
Original languageEnglish
Title of host publicationTwenty Dollars Can Buy Many Peanuts! Money and The Simpsons
Publisher"Homer Economicus: The Simpsons and Economics" Stanford University Press
Pagespp. 41-51
StatePublished - May 2014

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Young, A. (2014). Twenty Dollars Can Buy Many Peanuts! Money and The Simpsons. In Twenty Dollars Can Buy Many Peanuts! Money and The Simpsons (pp. pp. 41-51). "Homer Economicus: The Simpsons and Economics" Stanford University Press.