About the Post

Author Information

Economic Development is . . . (increasing the flow) of capital through the community and reducing its leakage.

The Color of the Day

The lookout sees a pirate ship sailing their way. The captain shouts to his first-mate “Bring me my red shirt!” The first mate brings the red shirt and the captain puts it on. The pirates try to board and the brave captain leads his men to victory. A few days later, the lookout screams, “two pirate ships!” The crew is shivering like scared mice. But the courageous captain hollers, “Bring me my red shirt!” The first mate asks the captain, “Why do you call for your red shirt for battle?” The captain replies, “so if I am stabbed you will not see me bleed.” The next morning the lookout screams, “Ten pirate ships! We’re surrounded!” The crew goes silent; they all look to their brave captain waiting for his usual command. Calm as ever, the captain bellows, “Bring me my brown pants!”

The Captain’s funny story shows us that as humans we do put a lot of meaning into the colors around us. Last week, as I am sure many of you saw as I did, the full double rainbow.  All the colors were amazing, but green especially caught my eye, maybe because green is the color of spring, and growth. It is also the color of money here in the United States – money that can grow our economy.

Here is a great money quote from author Ayn Rand. “So you think that money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is made possible only by the men who produce. Is this what you consider evil?”

I will leave you with 10 interesting factoids about the US dollar bill to keep in mind as we use it to grow our economy here in Tama County:

1. Paper currency was first introduced into the Americas in 1690 by The Massachusetts Bay Colony. But the green color and the $1 bill’s famous nickname of “Greenback” derives from the Demand Note Dollars created by Abraham Lincoln in the late 1800s to finance the Civil War. These notes were printed in black and green on the back side.
2. Money isn’t made out of paper; it’s actually made out of linen.
3. You’d need to fold a bill of any denomination about 8,000 times (first forward and then backwards) before it will tear.
4. At the base of the pyramid on the $1 bill you will find “1776” in Roman Numerals .
5. Steve Wozniak, co-founder of Apple Computer, is said to use $2 notes from sheets of bills purchased from the U.S. Treasury – he apparently has them bound into book form with the bills as tear-off “pages”.
6. If you had $10 billion and spent $1 every second of every day, it would take 317 years for you to go broke.
7. The elm tree on back of the $20 bill near the White House represents a real tree in this same location. However, the tree is no longer on the White House grounds because it succumbed to rain-softened ground in 2006.
8. The $2 bill was last issued in 2003.
9. Pocahontas appeared on the back of the $20 bill in 1875.
10. High-denomination bills ($500-$100,000 notes) are technically legal tender, but were last printed in 1945 and officially discontinued on Jul 14, 1969 by the Federal Reserve System.

Advertisements

Tags: , , , , , , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: