Economics of a POW Camp

Group of Canadian officers at a prisoner-of-wa...
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An absolutely fascinating article on the economic organization of a Prisoner of War Camp. More recently, the WSJ covered mackerel economics in prison.

Disclaimer: As I get back into posting regularly, I’ll be putting up some interesting links that I collected during my months of intermittent blogging. If you’re a heavy blog reader, you may have seen some of these before.

One comment

I was fascinated by the prison’s switch from a “gold” standard (cigarettes, which have intrinsic value) to a fiat currency (macks, which don’t), and how that paralleled the real-world development of 30 years earlier (Nixon taking the US off of the gold standard).

by Tom O'Neill
3-4-11:10 AM