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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.