Taxpayers pay for Fed’s printing errors
Courtesy of The New Yorker comes news that a printing error is forcing the Fed to return more than thirty-million dollars’ worth of the “new” $100 bills. This is not the first printing error made in creating the new bills, which were supposed to be introduced in early 2011 but now will not be circulated until next year, at the earliest. The mistake will require taxpayers to pick up the costs of creating, inspecting, transporting, and securing a second batch of the new money. Want to find out what other Fed mistakes taxpayers are footing the bill for? Then support Campaign for Liberty’s Cosponsor push to Audit the Fed.