Cash

Friday, April 19th, 2019

In a new report, the Government Accountability Office (GAO) considers the financial benefit of switching to a $1 coin.

Monday, April 1st, 2019

If you're a store owner in Philadelphia or the state of New Jersey, and you don't accept cash from your customers, pretty soon you'll be breaking the law.

Thursday, March 21st, 2019

Financial privacy and autonomy are important. But cash and cryptocurrencies are not the only means to those ends.

Thursday, November 29th, 2018

The Riksbank—Sweden’s central bank—intends to issue a digital currency.

Monday, November 19th, 2018

Sweden has been at the forefront of monetary experimentation for centuries. Now they have the distinction of being the only country in the world to experience declining growth in cash in circulation.

Wednesday, October 31st, 2018

Chinese traction in the small but hypersensitive banknote market indicates that it is succeeding in earning global credibility. But most sizable nations continue to rely on their own state print works.

Wednesday, September 5th, 2018

J.P. Koning argues that the U.S. government should issue—and tax—$500- and $1,000-denomination notes. James McAndrews, Joshua Hendrickson, and William Luther respond.

Wednesday, August 29th, 2018

People use money. That itself tells us something about why we shouldn’t eliminate it.

Monday, July 23rd, 2018

As far as monetary reforms go, the $1 coin’s removal may not be very flashy. But it seems like a no-brainer. 

Wednesday, May 9th, 2018

Banknotes are useful. Not only do they provide their owner with a standard set of payments services, they also offer financial anonymity. How might a government price the anonymity component?

Wednesday, January 3rd, 2018

What would the cryptorouble bring to the table? It’s not hard to guess: some measure of control by the Russian government and central bank. We have no details yet on how the structure would work. But we can speculate. The best possible guess is that the cryptorouble would add a settlement layer to the official currency. It would enjoy the status of being legal tender. It would permit a more efficient and borderless method of transferring claims.

Tuesday, November 28th, 2017

Banning cash is inconsistent with the liberal tradition. It is the way of despots.

Thursday, November 2nd, 2017

Cash can be converted to goods all but instantly, but provides the holder of cash no interest.

Wednesday, November 1st, 2017

Indians accomplished in mere months something that took Europeans ten years.

Tuesday, February 21st, 2017

The benefits of reducing crime by banning cash are lower than Rogoff implies.

Friday, November 2nd, 2012

I have finally had a chance to read in full the unsigned report by the European Central Bank that I mentioned earlier this week. The report is quite impressive. The report clearly states the advantages of Bitcoins versus current credit/debit cards:

Tuesday, October 9th, 2012

These three short articles, written by three Mises scholars, respond to Paul Krugman's dubious economic theories

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