What Economic Sense Is There For US Not To Have Large Denominations Currency, Say $1000 Bill?
First of all you must have a lot of money,to be worried about that.Second I can't even cash a hundred dollar bill,so whats the sense
There are now equivalents of $1000 bills in REAL MONEY. They are called one ounce GOLD COINS. Canadian Maple Leafs, American Gold Eagles, South African Krugerrands.
There are also fractional ounce coins.
And soonyy1967 has a good point: It is a pain in the a* to cash $100 bills; what do you think it would be like with $1000 bills?
BTW, many, many years ago, before non-government counterfeiters got real good, there WERE larger denomination bills.
FYI, government currency is a rip-off. See
What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar
http://www.amazon.com/exec/obidos/ASIN/ … ansheal-20
With the soon to come inflationary cycle, your wish will likely come true, drug dealers be damned (literally and figuratively).
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