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Issues
Cash, Crime, and Civil Liberties
Macroeconomics and organized crime might seem like different subjects, but high-denomination currency unites them.
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.
Essays
High-Denomination Notes That Stop Crime
Joshua R. Hendrickson talks about how to make high-denomination notes that discourage crime and reward lawful behavior.