Paul Hein (in 2004)

The Fed’s ‘bills’ enter circulation, indirectly as a loan. Interest is being paid on every one, in that it is being paid on the bank credit that ‘bought’ the bills. My homemade 20s and 50s, though, enter circulation interest-free. So who’s the bigger crook: the ‘legal’ counterfeiter, or the do-it-yourselfer?