Eastern Europe: How to Make Money

Some of the most atrocious forgeries in the long history of the U.S. dollar are circulating today in Eastern Europe. The bills are so badly rendered that Warsaw's daily Zycie Warszawy recently felt obliged to chide the forgers. "It must be admitted with shame," the paper said, "that in Poland forgery is attempted by slackers, by people devoid of professional pride who let loose on the world shoddy goods rather than self-respecting forgeries."

Eastern Europeans love to acquire dollars as inflation hedges and status symbols, but few of them are familiar enough with U.S. currency to spot the fakes. So forgers...

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