Physical currency is really nothing more than an agreement between parties that the paper is representative of some value. In actuallity, it's really just another piece of paper, but it's considerably easier to exchange than goats or cows or gallons of fuel.
I'm a fan of their use of the 'Rock Band' typeface on the Trillion Dollar notes.
I think there was more going on there than just printing the money. For instance, the farms were going fallow, there were sanctions, etc, limiting supply of goods and driving up prices even without considering the money supply.
Not just another piece of paper, though. It's subsidized paper. If the value of a dollar becomes low enough, a physical dollar bill is actually cheaper than a piece of paper.
> I think they mean $20 worth of value be it gold or some other bankable theoretical material. Originally us dollars were tied to physical gold assets.
While dollars were originally tied to physical assets, I'm asking about what the central bank give me today for my 20 euros or dollars.
It doesn't matter. You get nothing directly, but that's not the point (and is part of the reason they got rid of the gold standard). The point is that the store will accept it as payment for an actual thing, and its employees will accept it as payment for actual work, and the stores they go to will accept it as payment for actual things, and their employees will accept it as payment for actual work, etc.
What you get is the stuff that you buy. Or more directly, what you get is buying power.
I'm a fan of their use of the 'Rock Band' typeface on the Trillion Dollar notes.