The US Governement should print bank notes of higher denominations.
I propose that we replace printing some of the lower denominations with higher ones. We could continue the current pattern (1, 2, 5) and just keep adding zeros on the end. I think we should have the $1,000,000.00 be the biggest.
Yes
Side Score: 7
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No
Side Score: 6
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2
points
I can't really see any argument beyond the 'higher orders of bills means less money on cards', which I don't understand. People could easily just use a debit card, which is a bill of any size, even dollars and cents (Australian), for almost any situation is this highly digitalised environment. Side: No
Ever heard of national pride? How would a $1,000,000.00 bill with Air Force One on it look to our rivals? Also, doesn't it make you feel a bit more like you are doing something like purchasing something big when you hand over a $2,000,000 bill for a television than just sliding a card? Even in the case of a debit card, the person may still have enough money in their account to spend, but it still could be more than what they should be spending. Up until the mid sixties they actually had $100,000.00 bills, which were worth the equivilent of three quarter million today. Side: Yes
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Ever heard of national pride? How would a $1,000,000.00 bill with Air Force One on it look to our rivals? To me, that makes no sense. Theres no reason to be proud over a bill of money, unless it were a collectable, a bank statement says the exact same thing. However... It would look like a poor effort, since Zimbabwe has a $100'000'000'000'000.00 bill. The bill is so badass it has 3 rocks, stacked, on it. Pretty sure Zimbabwe has no reason to be proud; ruthless dictatorship, highest inflation in the world, etc. Also, doesn't it make you feel a bit more like you are doing something like purchasing something big when you hand over a $2,000,000 bill for a television than just sliding a card? Even in the case of a debit card, the person may still have enough money in their account to spend, but it still could be more than what they should be spending. No. Really, just no. If I wanted the TV, I'd buy the TV. I don't care how I bought it, cheque, card or cash. Up until the mid sixties they actually had $100,000.00 bills, which were worth the equivilent of three quarter million today. Which were not issued to the public when they were being used. Side: No
What are you, some kind of libertarian extremist? What would you like us to do, not print any money at all and instead barter like cave men? Anyway, your answer is irrelevant. It's impossible that they'd amend the constitution so the US can't coin money. Not a single democrat would go for it, maybe a couple republicans, and that single libertarian in the house. Although I do share some libertarian views, many things I just don't get about them. Please state your reason for not wanting money. Side: Yes
What are you, some kind of libertarian extremist? Yes. What would you like us to do, not print any money at all and instead barter like cave men? No. Anyway, your answer is irrelevant. So? It's impossible that they'd amend the constitution so the US can't coin money. So? Not a single democrat would go for it Power-hungry bastards they must be! Although I do share some libertarian views, many things I just don't get about them. Your loss. Please state your reason for not wanting money. I didn't say that I did not want money. I said that I do not want the US government printing money. Let independent banks print money, backed up by gold, and end the FED. Side: No
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Companies that would use the bills already use digital transactions, they wouldn't be used. It would be a waste of government resources, unless they were sold as collectibles above their face value. Doing such might be a novel way of reducing the money supply when such is needed. Side: No
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