Freakonomics: Why Are We Still Using Cash?
What do robbery, tax evasion & drug dealing have in common?
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Adam Leidhecker
@adamleidhecker · Director of Social Strategy, @OttoRadio
Why is the U.S. printing more cash while other countries are doing away with it?
Money! It facilitates crime, bribery, and tax evasion – and yet some governments (including ours) are printing more cash than ever. Other countries, meanwhile, are ditching cash entirely. And if Star Trek is right, we won’t have money of any sort in the 24th century.
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How do regular people benefit from this in the world of negative interest rates they are unable to avoid? Even the WSJ sees the war on cash as a political move, not a crime move.
Edit to add: Also we're all faced with much more privacy invasion. Cash, like many other valid tools for privacy, is used by criminals but so is bitcoin, tor, etc. Are large volum… See more