Old Fashioned Politics — Throw Money To Your Friends

There's been a little bit of headscratching about why why the government would spend $32 million to promote the new $20 bill (noted via Eugene Volokh).

The Slate article notes the ostensible justification, “the campaign … [is] really designed to put everyone on notice that a change in currency is afoot: The new bill has some different color and design elements (to deter counterfeiters), but it's real, so don't freak out,” althought in fact free media do a fine job of that.

Funny thing is, when our city and county governments down here buy lots of ads in the local media we know exactly what's going on: they are throwing money to their friends and encouraging them to stay friendly. Naturally that could never happen at the national level.

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