3 ms·
> Am I missing something or does the author not explain why bring back specifically the $500 bill? Inflation? "[...] despite the amount of inflation that has o
by teslabox 9y ago
> Am I missing something or does the author not explain why bring back specifically the $500 bill?
Inflation? "[...] despite the amount of inflation that has occurred since 1969 (a $500 bill is now worth less, in real terms, than a $100 bill was worth in 1969)." -https://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency#Passive_retirement https://en.wikipedia.org/wiki/Large_denominations_of_United_...
The $500 bill pictured in the article is a gold certificate: "Redeemable In Gold On Demand at the United States Treasury"... Looks like all $500 gold certificates were printed in 1928, as the 1934 high-denomination bills were only used for intra-federal reserve transfers:
https://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency#High-denomination_.28HD.29_banknote_issuing_data https://en.wikipedia.org/wiki/Large_denominations_of_United_...