Ban On 100 Dollar Bill? Count Larry Summers in. As negative interest rates approach developed world economies, an odd correlation is occurring. Former U.S. Treasury Secretary Larry Summers is following calls in Europe to eliminate large demonetization paper currency, saying that such unsavory practices such as tax evasion and money laundering could be prevented. But are such damaging behaviors which have already occurred over digital transactions through large banks and going unpunished an issue as well? Ban On 100 Dollar Bill – Focusing on financial crime, Summers says eradicating the $100 bill will make the world a better place Summers,…
Summers Calls For Ban On $100 Bill, Citing Money Laundering, Tax Evasion, But Fails To Note Bank Issues
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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