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Notes -
Treasury Secretary Bessent confirms limited steps toward a $250 bill featuring Donald Trump
Large denomination currency & Trump were joked about in a Friday Fun Thread at some point, but we all know jokes-->reality is a short pipeline these days. Do I expect Congress to actually pass the bill necessary to carve out an exception? No. This seems more like Bessent (who looks like a cheap clone of Donald Rumsfeld in some of the photos) doing what his boss told him to do while knowing the project is probably DOA.
Even if the stars aligned and they did pass the exception, the bills would be not be that useful. Considering how many businesses there are now that refuse to take $50 or $100 bills, a $250 would be even more limited. Aside from collectors and usual unsavory types that caused the original high denomination bills to go out of circulation, I don't imagine the average American would have much use for these.
I feel like this might be part of the point. Because the USD is so popular and the 100 dollar bill is the highest value denomination, it has become one of the de facto standards for criminal financial transactions and thus featured heavily in films and TV shows and music. As a result, Benjamin Franklin has become even more immortalized, to the point that his first name is used interchangeably with $100 in some contexts. The $250 bill would likely supplant that, and thus Donald Trump's face would be featured heavily in future films and shows about crime, and perhaps there would even be a song called "All About the Donalds." All of which would probably make Trump's ego very happy.
I’ve always liked to think Ben Franklin would enjoy knowing this.
As opposed to Andrew Jackson, who is presumably spinning continually in his grave at being featured on the most-used bill issued by an institution he vehemently hated (a federal Bank of the United States).
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