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Should the U.S. have $200, $500, and possibly $1,000 bills?
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<p>[QUOTE="Drago the Wolf, post: 780154, member: 22476"]Here is what I proposed for the $200, $500, and $1,000 bills over the years. You may also run across it on the internet:</p><p> </p><p>LEGAL TENDER ANTI-INFLATION ACT</p><p> </p><p>Section 1. Short Title </p><p><br /></p><p>This Act may be cited as the "Legal Tender Anti-Inflation Act" </p><p><br /></p><p>Sec 2. Issuance of a $200 Federal Reserve Note </p><p><br /></p><p>(a) Notwithstanding the authority of the Secretary of the Treasury under the 8th undesignated paragraph of section 16 of the Federal Reserve Act, beginning March of 2010 Federal reserve notes in the denomination of $200 shall be placed into circulation by Federal Reserve banks and shall have such designs and be in such form and tenor as the Secretary may select in accordance with this section. </p><p><br /></p><p>(b) President Theodore Roosevelt's portrait shall adorn the obverse of these new $200 Federal Reserve notes. An image of Mount Rushmore shall adorn the reverse of these new $200 notes. </p><p><br /></p><p>Sec 3. Redesign and Reissue of the $500 Federal Reserve Note </p><p><br /></p><p>(a) Notwithstanding the authority of the Secretary of the Treasury under the 8th undesignated paragraph of section 16 of the Federal Reserve Act, beginning in March of 2011, Federal Reserve notes in the denomination of $500 shall be placed into circulation by Federal Reserve banks and shall have such designs and be in such form and tenor as the Secretary may select in accordance with this section. </p><p><br /></p><p>(b) President William McKinley's portrait shall continue to adorn the obverse on these new $500 notes. The oval with the huge numeral 500 shall be retained on the reverse in the new design $500 notes. </p><p><br /></p><p>Sec 4. Redesign and Reissue of the $1,000 Federal Reserve Note </p><p><br /></p><p>(a) Notwithstanding the authority of the Secretary of the Treasury under the 8th undesignated paragraph of section 16 of the Federal Reserve Act, beginning in March of 2012 Federal Reserve notes in the denomination of $1,000 shall be placed into circulation by Federal reserve banks, and shall have such designs and be in such form and tenor at the Secretary may select in accordance with this section. </p><p><br /></p><p>(b) President Grover Cleveland's portrait shall continue to adorn the obverse on these new $1,000 notes. The fancy text of "The United States of America" and "One Thousand Dollars" shall be retained on the reverse in these new design $1,000 notes. </p><p><br /></p><p>END </p><p> </p><p>Note: The dates would have to be changed for these ideas, and I did not know a good name for this Act, so I called it the "Legal Tender Anti-Inflation Act" Maybe I could have tried the "Large Denomination Reissue Act" or something, but I wasn't sure if that sounded good or not.[/QUOTE]</p><p><br /></p>
[QUOTE="Drago the Wolf, post: 780154, member: 22476"]Here is what I proposed for the $200, $500, and $1,000 bills over the years. You may also run across it on the internet: LEGAL TENDER ANTI-INFLATION ACT Section 1. Short Title This Act may be cited as the "Legal Tender Anti-Inflation Act" Sec 2. Issuance of a $200 Federal Reserve Note (a) Notwithstanding the authority of the Secretary of the Treasury under the 8th undesignated paragraph of section 16 of the Federal Reserve Act, beginning March of 2010 Federal reserve notes in the denomination of $200 shall be placed into circulation by Federal Reserve banks and shall have such designs and be in such form and tenor as the Secretary may select in accordance with this section. (b) President Theodore Roosevelt's portrait shall adorn the obverse of these new $200 Federal Reserve notes. An image of Mount Rushmore shall adorn the reverse of these new $200 notes. Sec 3. Redesign and Reissue of the $500 Federal Reserve Note (a) Notwithstanding the authority of the Secretary of the Treasury under the 8th undesignated paragraph of section 16 of the Federal Reserve Act, beginning in March of 2011, Federal Reserve notes in the denomination of $500 shall be placed into circulation by Federal Reserve banks and shall have such designs and be in such form and tenor as the Secretary may select in accordance with this section. (b) President William McKinley's portrait shall continue to adorn the obverse on these new $500 notes. The oval with the huge numeral 500 shall be retained on the reverse in the new design $500 notes. Sec 4. Redesign and Reissue of the $1,000 Federal Reserve Note (a) Notwithstanding the authority of the Secretary of the Treasury under the 8th undesignated paragraph of section 16 of the Federal Reserve Act, beginning in March of 2012 Federal Reserve notes in the denomination of $1,000 shall be placed into circulation by Federal reserve banks, and shall have such designs and be in such form and tenor at the Secretary may select in accordance with this section. (b) President Grover Cleveland's portrait shall continue to adorn the obverse on these new $1,000 notes. The fancy text of "The United States of America" and "One Thousand Dollars" shall be retained on the reverse in these new design $1,000 notes. END Note: The dates would have to be changed for these ideas, and I did not know a good name for this Act, so I called it the "Legal Tender Anti-Inflation Act" Maybe I could have tried the "Large Denomination Reissue Act" or something, but I wasn't sure if that sounded good or not.[/QUOTE]
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Should the U.S. have $200, $500, and possibly $1,000 bills?
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