You can tell that a country is abundantly rich and has a prospering economy when there are signs next to the toilet that tell you “Don’t throw money down the toilet”.
(Seen and photographed at Tallinn Airport in Estonia.)
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Boy, I’ve heard financial reporters worrying that the Euro was going down the toilet, but I thought that was just a figure of speech! :D
Is probably quite the contrary.
The amount of money circulating in the economy is not the wealth of a nation in real terms. A central bank can easily print billion of banknotes without increasing the real wealth of the people of one iota.
Furthermore, it is easy to defend that periods associated with high inflation (and M0) are correlated with low living standards for the people (take years after the First World War in Germany).
One can then go out and think that if the total M0 amount gets smaller the nation itself can become richer, which is wrong again, therefore I can assume that the signal you have in the picture is to warn the people that they will not be able to increase the value of the nation currency by just getting rid of it by flushing it.
Finally, to me is more likely that the guy is throwing: an envelope, an unpacked condom and a ball.
You understand Andreas that I write on this blog just to train my English right? :)
Take care mate.
I wonder in what kind of situation somebody would throw an envelope, an unpacked condom and a ball into the toilet. Maybe I could develop a short story out of that.
I like your much more sophisticated monetary interpretation of the sign! But as Estonia has the Euro, it cannot control its own currency that easily anyway.
I did not say that Estonia was able to print money!!!!!!
It was an hypothetical situation to explain a point
I just used a very difficult word “hypothetical”. Do you want to ruin my Sunday morning Andreas????
:)