Who to believe?
European policymakers want to avoid Greek default and keep Greece in the eurozone. However, Argentina’s decision to devalue its currency and default was the right one. It was the only step that offered a way out of the crisis facing the country. Greece should do the same.
By repeatedly refusing to print money in larger bills, the Feds make it harder to make huge financial transactions and can more easily monitor the financial maneuverings of citizens.