Monday, October 6, 2008

Mackerel Economics (Life after ELL)


Seems like the right time for a new currency but apparently there has been a healthy mackerel economy in federal prisons since 2004.  Given the prohibition on smoking in prisons, cigarettes have lost their value and since prisoners can't possess cash, the currency is mack, of course! 

The downside? Besides what is becoming a shortage, the other real problem seems to stem from what happens when a prisoner's sentence is up -- amazingly, mackerel can't be redeemed for cash (!) and has little monetary value on the outside.  

2 comments:

Mama Witch said...

Are you sure this isn't the Onion masquerading as the Wall Street Journal? Are you at a loss for what to do with your time?!

laura said...

No, to both! Hannah alerted me to the mack.