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By Glenn Harlan Reyonds, aka Instapundit, a\u00a0University of Tennessee<\/span><\/a>\u00a0law professor, originally posted on USA Today<\/span><\/a><\/span<\/p>\n Cash Is The Currency Of Freedom<\/b><\/span><\/p>\n As Fed inflates away dollar’s value, government gains more control to manipulate taxpayers and savers<\/span><\/p>\n Former Treasury secretary Larry Summers wants to get rid of the $100 bill. But I think he has it exactly backward.\u00a0I think we need to restore the $500 and $1000 bills. And the reason is that people like Larry Summers have done a horrible job.<\/b><\/span><\/p>\n Summers wrote recently<\/span><\/a>\u00a0in The Washington Post that the $100 bill needs to go. The reason, he says, is that it\u2019s a favorite of criminals, along with the 500 euro note, which is likely to be discontinued<\/span><\/a>.\u00a0The New York Times\u00a0editorialized in agreement, writing<\/span><\/a>:\u00a0\u201cGetting rid of big bills will make it harder for criminals to do business and make it easier for law enforcement to detect illicit activity. … There is no need for large-denomination currency. Britain\u2019s top bill\u00a0is the 50-pound note ($72), which has been perfectly sufficient. The United States stopped distributing\u00a0$500, $1,000, $5,000 and $10,000 bills in 1969. There are now so many ways to pay for things, and eliminating big bills should create few problems.\u201d<\/span><\/p>\n