According to today’s WSJ, EU federalists have found an interesting ally in the struggle to keep the Euro above the waterline.
“Why?” I hear you ask. Well, there’s stuff about seigniorage and other technical guff, but here’s the kicker….
….$1 million in $100 bills weighs 22 pounds; in hypothetical $500 bills, it would weigh just 4.4 pounds.
They’re also pretty handy handy when you’re hoovering up a bit of the old Bolivian marching powder.
Hat tip, Ian Geldard.