Nonfiction
Book
Availability
Details
PUBLISHED
©2025
DESCRIPTION
xix, 364 pages : illustrations ; 24 cm
ISBN/ISSN
LANGUAGE
NOTES
Introduction and Overview -- Section I: Is Cash Disappearing? Is Cash Disappearing? The Case of Spending. Is Cash Disappearing? The Case of Savings -- Section II: Cash Provides Society With Resilience. How Do Cashless Payments Work? Natural Disasters Prevent Cashless Payments from Happening. Paper Money Boosts National Defense -- Section III: Cash Helps People. Using Cash Helps Control Spending. Other Reasons Why Using Cash Helps People. Using Cash Keeps Your Life Private. Using Electronic Payments Boosts Prices -- Section IV: Cash Helps the Vulnerable. Eliminating Cash Hurts the Poor. Cash Helps Immigrant, Refugees and Tourists. Cash Puts Limits on Central Banks Hurting the Elderly -- Section V: Cash Is Not Causing Crime, Terrorism or Tax Evasion. Does Cash Make More People Victims of Crime? Does Cash Facilitate Corruption, Terrorism or Organized Crime? Does Eliminating Cash Reduce Tax Evasion? -- Section VI: Control. Cash Prevents Government Control. Can Businesses and Government Refuse To Take Cash? Who is Pushing the World to Go Cashless? -- Conclusion: What to Do to Ensure Cash Does Not Disappear
"Over the last thirty years, we have witnessed a rapid transformation in the way that people pay for goods and services. Where we used to use cash for all but our largest purchases, many people now prefer credit cards, debit cards, cryptocurrency, and electronic services like Venmo, PayPal, or Alipay. And that's not necessarily a good thing. In The Power of Cash: Why Using Paper Money is Good for You and Society, Professor Jay Zagorsky, former advisor to the Boston Federal Reserve, delivers a startlingly insightful and eye-opening discussion of the harmful and unintended consequences of the demise of paper money. The author convincingly argues that cash is an essential and helpful tool that's worth preserving for the long run. You'll learn why using cash makes it easier to control your spending, secures your anonymity and privacy against bad actors intent on stealing your data, mitigates the chaos of climate change and war, and helps the poor, vulnerable, unbanked, and disenfranchised to navigate society." --