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RE: How far the great have fallen. When I put my son in a taxi yesterday, I asked the ...

in APPICS6 years ago

There are already several banknote denominations that represent less value than the cost of paper, ink, security features, and the labor of printing them.

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Yes, I was going to include that aspect. Thanks for bringing it up.

The same "500" is only worth u$s 0.10 if you talk about silver coins! The US constitution gives congress the power to "coin money" but they made enough laws and temporary orders that became laws - now we have paper to carry around with us. Of course, you know that I carry a silver dollar around with me. One silver dollar = $35 paper ones = 4,830 paper pesos.

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