So the Treasury is introducing a new, harder to counterfeit, $100 bill soon. Why bother? If the counterfeiters spend what they print, and of course they do, isn’t it just additional stimulus? Doesn’t it help the economy in the same way as the Fed’s $70 billion/month “quantitative easing”? I really see no difference at all except that the government is “stimulating” on a much bigger scale.
Maybe they just don’t like the fact that the private counterfeiters aren’t among the government’s banker friends.
Post a Comment