|[In 1923] A woman burns German marks in the furnace to heat the home during the peak of the Weimar Germany hyperinflation.|
As of last month, Chase has also instituted a new policy which, “restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans,” writes Professor Joseph Salerno of the Mises Institute.Since U.S. paper currency suggests that the bill is good for all debts, public and private, it sounds a little as if the bank were treading perilously close to usurping federal authority and/or perhaps somehow covering its ass in the event of an economic collapse.
Honestly, I don't know what it means, but since safety deposit boxes are assumed to be private in nature, it sounds intrusive to bar any use to which it might be put outside of explosive or toxic substances.
I hope someone will suss out more comprehensible facts on this subject. Google and Snopes were of no use.