I’m not sure which is worse. The fact that Geithner thinks we need to do this at all, or the fact that he seems to believe that what he says is in any way moral or that it will, as Mr. Geithner claims to believe–improve growth. Growth of government and taxes yes, but nothing else grows.
The first batch of US currency with Tim Geithner’s name on it has been quarantined. About $110 billion in newly printed hundred dollar bills (loaded with new anti-counterfeiting features) were so hi-tech the printing process got screwed up, leaving blank spots on some of the bills. Rather than try to sort them, which an article at Yahoo! News claims would take at least 20 years to do by hand, they will have to set them aside for a year while they work up an automated method of sorting out the bad bills.