“Despite the India chaos, Summers thinks we should still curtail the $100 bill. The conclave of the high priests of monetary policy almost invariably sings the same chorus: only criminals and terrorists use high denominations of cash. My team and I did some of research on this and found some rather interesting data. It turns out that countries with higher denominations of cash actually have much lower crime rates, including rates of organized crime.”
https://www.sovereignman.com/trends/an-interesting-perspective-on-the-war-on-cash-20526/
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