this post was submitted on 03 Mar 2025
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There's an argument we shouldn't even be issuing $100 bills in the first place. Counterfeiters have to spend money to copy money. A $1 or $5 bill isn't worth the cost. A $50 is getting there, but if you put extra anti-counterfeiting measures around it, then it's pushed out of reach again.
Once you reach a $100 bill, though, it's hard to have enough anti-counterfeiting measures while also being cheap enough to produce by the actual US Mint. Drop it entirely, and the problem goes away.
Sorry, I'm gonna be that person... The US Mint makes coins, not the paper money. The Bureau of Engraving and Printing is responsible for printing, among other things, the paper money.
There was a very good reason for it back when physical money was more necessary. Now, there's essentially no purpose except crime. Almost all purchases are payed cashless. If you really want to use cash, almost no transactions are prohibitive just using $20s or $50s. Maybe buying a car or house would be tough, and I'm sure someone does that with cash, but that'd just be the cost of choosing to use cash.
Considering that DOGE can likely withdraw money from bank accounts at will, relying on cash seems very legitimate. I don't want my life savings to just vanish because Musk felt like it. Or worse, replaced it with Muskcoin in a offer that no one can refuse.
Look if you hate hip-hop music videos… 😉