Home > Uncategorized > WAR ON CASH: WHY NOW? ~ Mises Daily | Mises Institute

WAR ON CASH: WHY NOW? ~ Mises Daily | Mises Institute

Gunny G: HAD ENOUGH YET? ~ "AINOs" CANNOT HANDLE THE TRUTH!

July 29, 2015Charles Hugh Smith

Tags Booms and BustsMoney and BanksMoney and Banking

You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean?

It means governments are limiting the use of cash and a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are both restricting the amount of cash that can be withdrawn from banks, and limiting what can be purchased with cash.

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