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Essays
A More Modest Proposal
James McAndrews argues for higher-denomination currency for reasons of privacy and convenience.
Essays
Do High-Denomination Notes Create Externalities?
Joshua R. Hendrickson says maybe they don't.
Essays
Subsidize the Supernotes. And the Others Too.
William J. Luther argues that we shouldn't tax currency at all. We should modestly reward holding it, through a bit of deflation.
Essays
Who Uses High-Denomination Notes?
William J. Luther says it matters a lot more than we might realize.