Burning money

Miscellaneous General
1

It’s unfortunate there is no “Fun” category on the forums, this one deserves it.

Just a teaser:

“every $100 bill forged is a bill the Fed cannot print”

I was also amazed to learn it is illegal to burn US dollars - one of the explanations being “it costs the Bureau of Engraving and Printing approximately 5 cents to replace a note” - come on, the government makes $100 by issuing a $100 bill, so 5 cents is nothing!

2

The government through the Fed can make $100 in an electronic balance sheet even cheaper than $0.05.

3

The government through the Fed can make $100 in an electronic balance sheet even cheaper than $0.05.

The author of the explanation presumed that the Fed know the ideal amount of paper money, and the engraving bureau maintains this amount at all costs.