Before delving into the dangers of eliminating cash and mandating that all transactions be conducted by digital means, let us briefly discuss the legal aspects of money. In the United States, as in all economies that have legal tender laws, only cash is recognized as money. Some may think that the balance of their bank accounts is money too, but that is not quite the case. Your bank balance is one step removed from legal money.
[On Monday, October 9, the Royal Swedish Academy awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin of Harvard University. Two Swedish expatriates reflect on the meaning of the Prize and this year’s recipient.]
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Just as everything seemed bright for a new anti-interventionist movement spearheaded by a disgruntled political Right came chaos in Israel.
Review of Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis
Scott Patterson
New York: Scribner, 2023; 293 pages
