As the United States retires the penny, it should also reexamine larger cash denominations. The nickel is an obvious inefficiency costing 13.78 cents to produce, but the more consequential reform is retiring high-value paper notes. Phasing out the $100 and $50 bills would make tax evasion and many criminal enterprises harder to run, increase financial transparency, and impose […]
Author Archives: William T. Alpert
Associate Professor of Economics, Emeritus, University of Connecticut and Founding Partner Fides, Philanthropic Management, LLC He wrote this for InsideSources.com.
