$100 bill is surging ? why?

[Emily]

https://www.chicagotribune.com/busi...bill-mysteriously-popular-20190305-story.html

 

[Andre DuMouchel]

Makes an interesting question.
Given the tightly controlled nature of U.S. news, and the paper being the Chicago Tribune rather than the Wall Street Journal, a very careful information distribution.

 

[Emily]

The distribution of this article interests me, too, Andre. It originated in the Washington Post, I see. They quote Lawrence Summers and his criminal activity theory. I don't have any faith in his opinion:

http://cepr.net/blogs/beat-the-press...apse-of-russia [h=2]Can We Blame Larry Summers for the Collapse of Russia?[/h]

I'm sure the theory pointing at fear about the global economy is driving the cash hoarding is correct. The New York Times had an article on this topic recently.

https://www.nytimes.com/2019/03/09/o...llar-100.htmlc

Still, it is not clear why demand has doubled. The collapse of the Soviet Union drove a surge in demand for American currency in the 1990s. Nothing comparable has happened recently.