Eliminating Big Bank Notes

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

 

 

 

 

 

 

Caroline Osteen

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.

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Chris McDonald

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.

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