Shortages everywhere

[Crankster]

Originally Posted by ronn

100. bill today is the new 20.

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 Periodically they will trot out some whack job economist who claims "large bills" should be withdrawn from circulation, because reasons.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.

[Terry, NJ]

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 Periodically they will trot out some whack job economist who claims "large bills" should be withdrawn from circulation, because reasons.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.

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

[Crankster]

Originally Posted by Terry, NJ

You mean we should inflate the money even faster?

Who is this "we" Kemosabe? I'm just pointing out the obvious, larger denomination notes are necessary because the currency has been inflated so badly.

"There has never been a Govt in the history of the world that could resist the temptation to counterfeit ..."

Have you ever noticed that over time "we" have ever and ever more precision and accurate standards by which to measure things? Whether time, or distance, mass, etc.

Though curiously enough, not money? There is no longer any definition of the unit of account, and it even fluctuates. How would you feel if they redefined the acre? Your 40 acres are now only 35 acres? Wouldn't you feel justifiably outraged? Or the standard of measurement like the meter, or yard. We don't turn on the news and hear things like "The meter lost several millimeters in heavy trading against the yard yesterday."

[aermotor]

Why have pennies when the cost is allegedly higher to manufacture a penny?

[J Franklin]

Originally Posted by aermotor

Why have pennies when the cost is allegedly higher to manufacture a penny?

Why have a Model A Ford when the cost to restore it is higher than it would sell for afterward?