Saturday, April 24, 2010

The New $100 Bill: Outwitting Counterfeiters


Fighting back today against the North Koreans, most notably.

But then there's this cautionary tale from Tea Party times:

The quality of the British counterfeits undercut the credibility of the dollar, but the real blame for the dollar's decline lay with the revolutionaries, who issued vast quantities of Continentals to pay the costs of the war. Backed by nothing more than a shaky faith in the government, the notes depreciated, eventually becoming nearly worthless. The experience left Americans with serious misgivings about paper currency, both counterfeit and real.

The Constitution was a product of those fears.
Ahem.

P.S. A purple strip now, who knows what the next iteration will be:
...Ben Franklin and the other founders appeared on some, but so, too, did everyone (and everything) from portraits of obscure politicians, Greek and Roman gods, scantily clad women, slaves, Indians and scenes of everyday life. Even stranger things—Santa Claus, sea serpents and rampaging polar bears...

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