For my new friends.
The War against Cash is a battle that shouldn’t even exist. But politicians don’t like cash because it’s hard to control something that people can freely trade back and forth. So folks on the left are arguing that governments should ban or restrict paper money.
- In Part I, we looked at the argument that cash should be banned or restricted so governments could more easily collect additional tax revenue.
- In Part II, we reviewed the argument that cash should be curtailed so that governments could more easily impose Keynesian-style monetary policy.
- In Part III, written back in March, we examined additional arguments by people on both sides of the issue and considered the risks of expanded government power.
- In Part IV, a few months ago, there was additional discussion of the dangers that would be unleashed if politicians banned cash.
Now let’s add a fifth installment in this series, and…
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