From ABBA to Led Zeppelin: using music to teach economics
From ABBA to Led Zeppelin: using music to teach economics

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The Day The Dollar Died - Peter Tosh

JEL: a e     

I see Johnny with his head hanging down
Wondering how many schillings left in that pound
Cost of living it is rising so high
Dollar see that have heart attack and die

Bills and budgets are waiting
Finance ministers anticipating
Unemployment is rising
And I hear my people, they're crying

The day the dollar die
Things are gonna be better
The day the dollar die
No more corruption
The day the dollar die
People will respect eachother
The day the dollar die

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Assignment:

In "The Day the Dollar Die", Peter Tosh appears to be longing for a world without money. What would a world without dollars look like? Do you think there would be less corruption or that scarcity would be eliminated in a world without money? What other problems would arise? Your answer should address the coincidence of wants.

What if Tosh is only talking about fiat money? Do you think his lyrics can be read to be anti- fiat money? Give an example.

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