Economic Policy Journal
Steve St. Angelo writes:
The U.S. Department of the Treasury calls its Bureau of Engraving & Printing's website, the MoneyFactory.gov. Who says government officials don't have a sense of humor?
You will notice that the two biggest changes are the large drop in production of $1 bills and the huge increase in the $100 note. In 1992, the Treasury printed a little more than $4 billion in $1 bills, but this fell in half to $2 billion in 2012. Now if we look at the change in the printing of the $100 bill, we have a much different story.
In 1992, the U.S. Treasury printed $103 billion worth of Federal Reserve notes and the $100 bill accounted for 21% of this total. Then in 2002, the total currency printed that year increased modestly to $112 billion, but the $100 bill was now 54% of this total amount. However, by 2012 a significant change took place.
Not only did the total value of currency printed in 2012 triple compared to 2002, but the majority of the increase was solely due to the printing of our famous American -- Benjamin Franklin. In 2012 of the total $358 billion printed in Federal Reserve Notes, the $100 bill accounted for $303 billion, or 84% of this amount.[...]
The huge increase in the printing of the $100 bill this past decade coincides nicely with the massive increase of U.S. Govt debt and Federal Reserve policy of QE monetization.
Link:
http://www.economicpolicyjournal.com/2013/11/treasury-printing-of-one-hundred-dollar.html
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