December 6, 2010

Money To Burn – And You’re Paying For It

image If you didn’t catch the Yahoo article, here’s a good one.

The US Treasury has printed more than 1 billion (with a ‘b’) new $100 bills with additional security features.  Unfortunately, the bill was so hi-tech, the treasury had trouble printing them.  The result?   Poor quality printing that makes some of the bills unusable.  What’s worse?  The bad bills are mixed with good bills in such a way that  sorting them will take a 20-30 years if done by hand or 1 year if done by machine.

The solution – burn the bills (wasting the $120 million it cost to run them) and go back to the previous style.

My guess is no six sigma black belts were overseeing the QC aspect of the treasury’s printing operation.

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