Quote Originally Posted by martin earl View Post
It should be noted the 300 million limit in circulation of lawful money was YEARLY.

The 300 million in US Notes recirculated yearly, thus there would actually be a 300 million dollar "principle payment" to the national debt should all 300 million be demanded and used in any year. Notes that wore out were "retired" and new notes were issued, and accounted for.
Yes - good point, and what you have stated above is based on the ongoing transfer and use of Lawful Money United States (currency) notes, which remain outstanding and in circulation within the economy - and accounted for, but not currently being held by the Dept. of the Treasury.