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<p>[QUOTE="gboulton, post: 1285540, member: 27043"]You'll have to provide citations for that.</p><p><br /></p><p>Historically, the changing denomination of bills is CAUSED by prince instability, not causal to it.</p><p><br /></p><p>Secondarily, larger bills are the result of INflation, not DEflation. </p><p><br /></p><p><br /></p><p><br /></p><p>I'm no longer missing it. I just don't think it's right.</p><p><br /></p><p>You believe the status quo should be maintained, since 1) there is little use for larger denomination bills 2) which will only lead to increased counterfeiting and 3) deflation.</p><p><br /></p><p>I believe I've demonstrated points 2 and 3 to be wrong.</p><p><br /></p><p>As for the third...</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>1) I disagree, but of course there's no way to "prove" if I'm smart with my money. I suppose we could start quoting bank balances, retirement plans, investment strategies, and net worth statements at each other...but that's neither wise, nor the point of this thread. </p><p><br /></p><p>The argument that the "risk" is higher is bunk. First, it presumes the cash on hand is ALWAYS large, which clearly it needn't be, second it presumes those around you know the amount on hand. If the amount on hand is unknown...which, unless I'm flashing it in public, it should be, then my risk is the same as any other random target. There's a $current_local_crime_rate percent chance I'll be the target of a robbery attempt.</p><p><br /></p><p>2) I'm certainly none of the above. Of course, again, there's no way to prove that, so my refutation must stand on its own.</p><p><br /></p><p>3) I'm not that either. See #2.</p><p><br /></p><p><br /></p><p><br /></p><p>Sure. I get it.</p><p><br /></p><p>But no...I don't really want to take 2 bills when the option to pay with 1 exists....any more than a merchant WANTS to count 2 or 5 times as many notes as (s)he has to. Obviously, if that option doesn't exist, we'll do whatever the current denominations allow us to do.[/QUOTE]</p><p><br /></p>
[QUOTE="gboulton, post: 1285540, member: 27043"]You'll have to provide citations for that. Historically, the changing denomination of bills is CAUSED by prince instability, not causal to it. Secondarily, larger bills are the result of INflation, not DEflation. I'm no longer missing it. I just don't think it's right. You believe the status quo should be maintained, since 1) there is little use for larger denomination bills 2) which will only lead to increased counterfeiting and 3) deflation. I believe I've demonstrated points 2 and 3 to be wrong. As for the third... 1) I disagree, but of course there's no way to "prove" if I'm smart with my money. I suppose we could start quoting bank balances, retirement plans, investment strategies, and net worth statements at each other...but that's neither wise, nor the point of this thread. The argument that the "risk" is higher is bunk. First, it presumes the cash on hand is ALWAYS large, which clearly it needn't be, second it presumes those around you know the amount on hand. If the amount on hand is unknown...which, unless I'm flashing it in public, it should be, then my risk is the same as any other random target. There's a $current_local_crime_rate percent chance I'll be the target of a robbery attempt. 2) I'm certainly none of the above. Of course, again, there's no way to prove that, so my refutation must stand on its own. 3) I'm not that either. See #2. Sure. I get it. But no...I don't really want to take 2 bills when the option to pay with 1 exists....any more than a merchant WANTS to count 2 or 5 times as many notes as (s)he has to. Obviously, if that option doesn't exist, we'll do whatever the current denominations allow us to do.[/QUOTE]
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