Wednesday 7 August 2002
Money: the root of all confusion?
So Roberto Cercelletta has been arrested for taking money from the Trevi fountain. I understand that the money was meant to go to charity and so it should. But Cercelletta had been collecting the coins for 34 years before the Rome police decided to act. Besides, it's not as if he were some kind of counterfeiter, hugely increasing the money supply, causing a crack-up boom which led to a stock market crash and the destruction of the savings of millions. No, Cerecelletta was merely recirculating part of the already existing money supply. Had be been a real counterfeiter like, say, Alan Greenspan, he would have got a knighthood!