More Security Theater

US currency is going through another redesign to make it harder to counterfeit. Sounds great, until you realize that 20 year old bills without all the new features are just as valid, and counterfeiting those hasn’t gotten any harder.

So is it bad to design anti-counterfeiting measures into money? No. But I would be curious what the last few revisions have cost taxpayers, and how effective they have actually been.

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