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> Am I missing something or does the author not explain why bring back specifically the $500 bill?

Inflation? "[...] despite the amount of inflation that has occurred since 1969 (a $500 bill is now worth less, in real terms, than a $100 bill was worth in 1969)." -https://en.wikipedia.org/wiki/Large_denominations_of_United_...

The $500 bill pictured in the article is a gold certificate: "Redeemable In Gold On Demand at the United States Treasury"... Looks like all $500 gold certificates were printed in 1928, as the 1934 high-denomination bills were only used for intra-federal reserve transfers:

https://en.wikipedia.org/wiki/Large_denominations_of_United_...



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