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Larry Summers

$100 bills, Andrew Haldane, high denomination currency, Larry Summers, Private money
Fiat Money, Money & Politics

Against Currency Prohibitionism

Larry White/April 1, 2016April 1, 2016 /10 Comments

From time to time we hear calls for withdrawing today's lowest and the highest denominations of US currency, the penny and the $100 bill, from circulation.  In the last year a growing chorus has been calling for prohibition of the $100 bill. The rhetoric of the anti-high-denomination…

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