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The Treasury Department recently unveiled the new $100. The bill includes several new ‘features’: colors, holograms, and even a 3-D strip.
The bill is almost digital in its features:
It features the pleasing pastels already seen on lesser denominations, as well as a ghostly image of a quill pen and a copper inkwell containing a bell that appears and disappears depending on the angle from which it’s viewed. Most startling of all, the front of the bill contains a vertical purple strip that contains shimmering images of the number “100″ and the Liberty Bell, all of which miraculously appear to move when the bill is tilted in one direction or another.
A few years back, the Treasury - the Mint agency within the Treasury to be specific - unveiled a new $20 and new $50.
The purpose of all this is to stop counterfeiters by making the task of replication a lot more difficult. And this has been the purgative of governments since the beginning:
In 1690, the Massachusetts Bay Colony became the first government in the Western world to issue paper money. Some of the first counterfeiters of paper money followed soon after. Within a generation, the authorities were engaged in a running battle against forgers, whom they tried to deter by various punishments: cropping their ears, for example, or hanging them. Many colonial notes soon came with a pointed warning: “To counterfeit is DEATH.”
Sophisticated counterfeiters are criminal gangs and the North Korean government is believed to be one of the biggest operations, if not the biggest, in counterfeiting U.S. currency.
The bill is incredibly cool to look at and it should protect U.S. currency more effectively (there are half a trillion dollars of $100 bills floating around the world), but American currency is still pale European and world standards.
The American norm is still green-on-white, which isn't much. The Euro, by contrast, comes in numerous colors which is a little bit more convenient to have your say 20s one color and your 100s another. Easier when your quickly pulling money from your wallet.
This isn't official or serious, but here's an artist rendition of what such a serious of American currency could look like:
Putting Obama is absurd and even more so since Obama would replace the father of the nation President George Washington. But other than that it isn't a bad serious. This is a better dollar concept though:
While this is what's wrong with America: worship of Hollywood:
At least it is only a dollar.
And this $100 is sick:
All this looks cool, but if inflation gets so bad considering the cost of printing such printing of sophisticated bills may be worth more than the actual market value of the bill. I am engaging in hyperbole, of course, but with the rate of spending and deficits and debt anything is possible.
As Milton Friedman once noted: government is the only institution which can take two things of value, ink and paper, combine them and then make that product worthless.
To see more design go to the source: Huffington Post.
