Cash Matters

“New technologies are changing the way we pay, and cash remains the most attractive option for many. Because cash safeguards personal independence and freedom. Because cash ensures stable currency systems. Because cash is the most secure payment method. Because cash is resilient in times of crisis. Because cash offers privacy in a world of rising fraud and personal data collection. Because cash means tangibility and immediate comprehensibility in a world of bewildering virtual and digital signposts. Banknotes and coins reflect a nation’s identity and its magic moments, presenting its most significant people, landmarks and values to the world. In short: cash matters!”

North Carolina Says No Cash, No Business

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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