How much money is there?
January 26, 2006 11:28 PM Subscribe
Some friends and I had a rather long, somewhat alcohol-fueled debate and could come to no real conclusion to the question "how much money is there in the world"?
posted by zardoz to Work & Money (19 answers total) 1 user marked this as a favorite
We realized early on that we'd have to make sharp definitions as to what "money" really is: paper money and coins, electronic funds, stocks, assets, etc. One friend was sure that all the cash (money and coins) added together would only total about 5% of the total. Can anyone verify this? And if a very small number of people suddenly had all the money, wouldn't that make it essentially valuless unless it was given back to a large number of people?