All Commentary
Thursday, December 10, 2009

Facebook “Virtual Currency” Good for Advocacy

“Health insurance industry trade groups opposed to President Obama’s health care reform bill are paying Facebook users fake money — called “virtual currency” — to send letters to Congress protesting the bill … Facebook users play a social game, like ‘FarmVille’ or ‘Friends For Sale.’ They get addicted to it. Eager to accelerate their progress inside the game, the gamers buy ‘virtual goods’ such as a machine gun for ‘Mafia Wars.’ But these gamers don’t buy these virtual goods with real money. They use virtual currency.” (Business Insider, Wednesday)

How bad does inflation have to be before ‘Facebook currency’ becomes accepted tender?

FEE Timely Classic:
The Great German Inflation” by Bruce Bartlett