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The fact that various electronic money transfers are taking place does not mean that we do not require cash any longer. On the contrary, the fact that the cash exists enables those transfers to take place.
Original Article: "'Going Cashless' Isn't as Easy as It Seems"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Contact Frank Shostak
Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.