Larry Summers argues in a piece for the Washington Post that new high denomination bills should no longer be printed.

A former U.S. treasury secretary has taken a public stand against high denomination bills.

Larry Summers argues in a new piece for the Washington Post that large notes like the 500 euro or $100 bill should no longer be issued. 

His commentary was inspired by a recently published paper from the Harvard Kennedy School titled, “Making it Harder for the Bad Guys: The Case for Eliminating High Denomination Notes.”