Mr. Monopoly would be a better Fed chairman

The initial Monopoly money supply when the game was first sold in 1935 was about $37 billion, almost exactly the same as the M2 money supply of $39 billion.

E. J. Antoni is a research fellow for regional economics in The Heritage Foundation’s Center for Data Analysis and a senior fellow at Committee to Unleash Prosperity.

In fact, if the nation had begun using Monopoly money in 1935, when the game first went on sale, inflation over the last 88 years would have been substantially lower because the supply of Monopoly money has grown much less than that of Federal Reserve notes.

That is an amazing fact considering that the only board games with higher lifetime sales are chess and checkers, and they had head starts of hundreds and thousands of years, respectively.