Thursday, December 9, 2010

Hundred-dollar bills are for criminals and sociopaths. Why do we still print them? - By Timothy Noah - Slate Magazine

Hundred-dollar bills are for criminals and sociopaths. Why do we still print them? - By Timothy Noah - Slate Magazine:


In May 1976, an economist named James Henry published a wonderful essay in the Washington Monthly titled 'Calling in the Big Bills.' In it, he observed that 'only two kinds of activities in the U.S.' required the use of large-denomination currency. One was tax evasion, and the other was organized crime.

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