The ducklings get their hands on a machine that duplicates coins by some magic harmonic bell sound.
They start using the welfare and bank monetary creation, oops, I mean, duplicated coins, to buy things in town. The fake coins get duplicated further by bell sounds ( more bank monetary creation ). Soon enough all prices multiplied several times and it just worsens faster and faster.
The episode ends with the fake coins being destroyed and the people scammed are just supposed to smile and forget about their losses.
Yes - the episode was called "Dough Ray Me", after the titular Dough Ray that could make money from the sound of bells. Scrooge McDuck, as you expect, actually realized how bad an idea this was (since inflation would kill the value of his swimming pool full of gold coins) and told them not to use it, but he was the only one not blinded by greed at the start of the episode.
He should watch that DuckTales episode
I'm not familiar with that one.
The ducklings get their hands on a machine that duplicates coins by some magic harmonic bell sound.
They start using the welfare and bank monetary creation, oops, I mean, duplicated coins, to buy things in town. The fake coins get duplicated further by bell sounds ( more bank monetary creation ). Soon enough all prices multiplied several times and it just worsens faster and faster.
The episode ends with the fake coins being destroyed and the people scammed are just supposed to smile and forget about their losses.
Excuse the errors, I saw that about 25 years ago.
Wha?!! ....
Did... Did Duck Tales just do an episode on Fractional Reserve Banking in a Fiat Monetary system?
Yes - the episode was called "Dough Ray Me", after the titular Dough Ray that could make money from the sound of bells. Scrooge McDuck, as you expect, actually realized how bad an idea this was (since inflation would kill the value of his swimming pool full of gold coins) and told them not to use it, but he was the only one not blinded by greed at the start of the episode.
https://youtu.be/8XxBHV5KquE?si=xTGv93LfTHpMeqhd
https://youtu.be/TfKLOf_53us?feature=shared