Eliminating Big Bank Notes
Peter Sands
Executive Director at The Global Fund to Fight AIDS, Tuberculosis and Malaria
Larry Summers jumped into the debate on the future of high denomination notes such as the €500 note and the $100 bill with a typically powerful blog
This prompted some reactions to which Larry and I responded
Nurse Practitioner Tomagwa Clinic Ministries in Tomball Texas
8 年Totally agree. Seems interesting that some who have a financial advantage over others want to spout this avenue of currency in circulation. It only creates a cover for their malicious acts.
Power Trading, ERCOT at NRG Energy
8 年Serious question: Why not admit that it is about removing nominal outstanding currency in circulation to the tune of $1.2T and paves a path for a cashless society to push NIRP rates further negative? A sudden concern of acting as a "deterrent to crime" appears sullenly disingenuous.