Real Bills Doctrine
Which bills are in circulation, in what proportions?
I did not know this..... I would have guessed $20s and $100s were about the same. I would have been wrong. So, I did not know this.
But Craig did.
UPDATE: In comments, Mr. Thacker points out a rather obvious error that was NOT obvious to me!
Labels: monetary policy
posted by Mungowitz @ 10/07/2009 09:36:00 AM
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Uh, $20s and $100s are about the same, in number of bills. See, it says 6.26 billion $20s and 6.25 billion $100s.
$100s are just worth give times as much, so the value of $100s in circulation is $625B compared to $125.1B.
No worries, you knew more than you thought. You were right about the number in circulation, just looking at the wrong part of the chart.
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