The Magic Money Bag

     Fairy tails and other stories about magic money bags are
intriguing.  How many have dreamed of having their own magic
money bag?  Would it be paradise on Earth to be able to reach
into your magic bag and pull out all the money you wanted,
whenever you wanted it?

     How might a magic money bag change its owner's life? 
First, we must remember that money isn't what we really want. 
How many people would seek money if all they could do is keep
it?  What would they do with that money?  Paper their walls? 
Burn it for fuel.  Unless it was printed on edible paper, it
wouldn't make very good food?

     To get money we give others things they want.  We then
give the money to others in exchange for the things we want. 
This works for so long as individuals are willing to produce
valuable things and exchange them for money.

     The individual with the magic money bag wouldn't have
to produce anything and give it up to get money.  For him it
would be all take and no give.  All he would ever give would be
the money that flowed from his bag.

     How might this affect the bag owner's life?  Suppose he
wanted to move to another city?  He would simply buy another
house with money from his bag.  He has no need to sell his old
house.  He could keep it.  Instead of staying at a motel when he
returned for a visit, he could spend the night in his old house.

     With his magic money he could hire servants to take care
of  the house and serve him on his visits.  Why stop at one extra
house?  Buy vacation homes wherever he wanted them.  Why
stop at homes?  Buy entire resorts with golf courses,  swimming 
pools, tennis courts and whatever.  Cost isn't a limitation.

     He could skip airport security by building his own
airports and buying his own airline.  He could also pick up a
railroad or two if he wanted them.  So what if he never used
them.  They would be there just in case.

     If he felt the need for security, he could hire his own
army.  For the person with the magic money bag, even the sky
isn't the limit.  He is limited by only two things, the extent of
his imagination, and the willingness of other individuals to
accept the money as payment for real wealth.

     Why wouldn't others accept the money from the magic
bag?  It would be just as real and just as valuable as any other
money.  The man with the money bag would likely pay more
than anyone else to buy what he wanted.  If by doubling the
price anyone else offered he could easily make his purchases,
Why not do it?   It would be just as easy for him to pull two
million dollars out of the bag as to pull out one million.

     Magic money would have consequences.  The owner of
the magic bag would have no reason to work for money.  He
would produce nothing.  When it comes to real wealth he only
takes.  With his magic money he takes what others have
produced.  Everything he takes reduces what the producers have
left for their own use.

     Meanwhile, he is increasing the supply of money
available to buy those leftover things.  With more money and
less available to buy, it is inevitable that each dollar will buy
less.  If the owner of the magic bag pushes its use to the limit he
will create so much money that all money will be worthless.  No
one will accept it in exchange for real wealth.

     The magic bag will still produce unlimited amounts of
money, all worthless.  Its owner's life as a parasite is over.  He
could still trade his accumulated wealth for things produced by
others, unless they got mad and lynched him first.  The magic
money bag only provided its owner a stealthy way to steal from
others.  More next time.

aldmccallum@gmail.com
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Copyright 2012
Albert D. McCallum
18440 29-1/2 Mile Road
Springport, Michigan 49284