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Should we demand $500 and $1,000 bills from our local banks?
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<p>[QUOTE="Porsche2007, post: 1099316, member: 3757"]People, in general, would make more money if bills higher than 100 USD wouldn't exist as legal tender. </p><p>I'll give you three examples:</p><p>1) If carrying bills worth 100 USD each, people would probably desire to separate the bills into various places of their bodies; therefore, it would be "less simple" for a robber to steal one 1,000 USD bill than to steal a couple bills worth 100 dollars each.</p><p>2) If I'm the owner of a vehicle that transports bills, I may request a lighter and smaller vehicle now that I would probably consider having more higher denomination bills instead of more 100 dollar bills. At consequence, I may waste less gasoline...which equals to less money for service stations, for example.</p><p>3) If sending bills abroad, it would be cheaper and more efficient for me to send more money for less cost; however, the individuals who provide me the service would probably get less money.</p><p><br /></p><p>The "affected" individuals would change numerous things in order to maintain part of their "profits".[/QUOTE]</p><p><br /></p>
[QUOTE="Porsche2007, post: 1099316, member: 3757"]People, in general, would make more money if bills higher than 100 USD wouldn't exist as legal tender. I'll give you three examples: 1) If carrying bills worth 100 USD each, people would probably desire to separate the bills into various places of their bodies; therefore, it would be "less simple" for a robber to steal one 1,000 USD bill than to steal a couple bills worth 100 dollars each. 2) If I'm the owner of a vehicle that transports bills, I may request a lighter and smaller vehicle now that I would probably consider having more higher denomination bills instead of more 100 dollar bills. At consequence, I may waste less gasoline...which equals to less money for service stations, for example. 3) If sending bills abroad, it would be cheaper and more efficient for me to send more money for less cost; however, the individuals who provide me the service would probably get less money. The "affected" individuals would change numerous things in order to maintain part of their "profits".[/QUOTE]
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Should we demand $500 and $1,000 bills from our local banks?
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