The massive document cited generally accepted accounting principles, described various market opportunities and highlighted recent economic trends.
St. James’ position on the board, the players' history of dice rolling and the pending hostile takeover of New York Avenue were among the most compelling sections. The report concluded with a surprising assertion that rent for St. James should be based upon a derivative of anticipated future earnings many times higher than $16 set by the game’s old school rules.
Other astute property owners read the St. James report with interest. They quickly intuited how the value for their properties would increase if they applied similar math. Earning estimate reports were written for Marvin Gardens, Park Place, even Baltic Ave. The Hat hosted a Property Owner Conference at the new Vermont Avenue Hotel. The true value of St. James Place was not $180, they determined. Indeed it was $18,000. The Bank was consulted and validated the report’s accuracy.
The next day, Community Chest News featured an exclusive story to relate the improbable rise of The Wheelbarrow from humble backyard beginnings to iconic wizard of the new economy. Not surprisingly, the other property owners followed the progressive logic. Updated valuations created great wealth for those who applied The Wheelbarrow’s masterful and innovative logic.
Ever the guardians of the board’s greater good, The Bank also wasted no time to enable more opportunities for similar derivative income. New policies were instituted to lend money to everyone, regardless of current earnings and past history.
Initially the value for all properties soared. But when The Iron – a notoriously reckless player – negotiated a credit line, bought Pacific Avenue with no money down, divorced The Horse, bought a yacht and disappeared from the board, a huge blow was dealt to all players. The new economy was at risk of a massive collapse. The experts met and determined that this great game must continue. A think tank was established where they collaborated and developed a masterful plan.
Days later, The Bank’s CEO, The Shoe, emerged as the spokesperson. Full of polish, he stood on a grand platform in front of the great Boardwalk Hotel flanked by The Wheelbarrow and a magnificent flag softly blowing in the gentle ocean breeze. In the most celebrated press conference in the game’s history, The Shoe announced NEW and BETTER standards of rules for greater good that he called quantitative easing:
Logic is the mythical fortuneteller who once oversaw the game. He was carjacked by The Bank while on his way to a Zen retreat and promised to return soon.
To reclaim the rules.