4 ms·
It would be a much stronger article if the author did more to counter the reasons for eliminating large denomination bills than simply to say "the positives out
by fatbird 9y ago
It would be a much stronger article if the author did more to counter the reasons for eliminating large denomination bills than simply to say "the positives outweigh the negatives". In particular, the argument that cash is useful under catastrophic circumstances seems very weak against the problems large denomination bills cause in everyday life.
- Spooky23 9y agoWhat problems do they cause in everyday life? The standard argument is money laundering, but we just had a case not long ago where a multinational bank facilitated billions in money laundering. So criminals seem to have found a way.