Far beyond the change in our spending, a cash free economy would have an impact on our bacterial immunities and our neurology.
Phasing out pennies is about much more than mostly zinc coins, carrying around too much change, and paying $2.01 for a tall coffee.
To better grasp Fed policy, we can use the FOMC’s dot plots to see what members feel will be appropriate Federal Reserve rate hikes.
For very different reasons, Sweden and Zimbabwe are moving toward a cash free economy that could increase tax revenue and decrease illegal transactions.
Angering vegetarians, the U.K.’s new £5 note is an example of polymer currency that is made with a trace of meat in one of the materials that compose it.
Exceeding a quarter of India’s GDP, their shadow economy depends on a huge volume of cash transactions that their surprise demonetization should diminish.
From the Wells Fargo scandal to the British National Health Service and Chilean bus drivers, sometimes incentives can have unintended consequences.
A surprise announcement on 11/8/16, demonetizing India’s 500- and 1000-rupee notes meant most of the money in the country had to be swapped for new notes.
Last year, Venezuela’s inflation rate exceeded 800%. For this year, the data conflicts. While the Wall Street Journal and the IMF say Venezuela is on its way to hyperinflation, Johns Hopkins economist Steve Hanke says the rate is closer to 70%.…