Quote:
Originally Posted by Crankster
Closer to 10. Periodically they will trot out some whack job economist who claims "large bills" should be withdrawn from circulation, because reasons. It is to laugh, because anybody who has been in a grocery store sometime in this century knows a hundred will be vaporized almost instantly. If anything they could re-issue the $500 and $1000 notes so we'd have something that would spend.
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You mean we should inflate the money even faster? I'm looking over a bunch of RM 1000. bills from Germany in the 1920s. Printing presses produce a bill with every strike! You can put $1 or $2 or $5 0r $10 or, 20, 50, 100, whatever you want to have in circulation. If it takes $2 to buy what $1 used to buy then your dollar is now halved in value. Maybe the answer is to withdraw all the big bills.
Our Guy, Henry Ford, once came up with a plan that was pure genius to finance the TVA in the 1930s. Print "TVA" on the face of each bill that you use to pay for it and as they came into a govt agency, you destroy the bill rather than spend the bill. This will not allow the bill to swell the economy and still allow the project to be financed. Sadly, the govt didn't take his advice. Sadly again, There has never been a Govt in the history of the world that could resist the temptation to counterfeit it's own money
Terry