Bills, Bills, Bills, Nothing but Bills.
John, via email, said …
“… don’t engrave $1.00 bills anymore! Why, because studies have shown,??engraved bills have a shorter life span than coins … However, studies also show that people are more inclined to part with their change than with their bills. So if you really want to stimulate the economy, print $2.00 or $3.00 bills and scrap the $1.00 bill.
In addition, as with any redesign, the paper utilized should be evaluated as well. Cranes has been supplying the paper forever which is impregnated with UV sensitive fibers. Why not switch to a synthetic like Tyvek that virtually lasts forever? It too could be formulated with “security watermarking” and thus virtually eliminated the need to ‘retire’ bills and constantly reprint.??
Finally, it is about time we ‘retired’ all of our current script and forced everyone to empty their mattresses in exchange for the new currency. A change of script would ‘flush-out’ all of that cash that moves without the personal or sales tax liability attached to it; just like they did in Germany right after the second world war.”