cash

But to judge everyone from the past based on the values of today – there truly is no end to how much of history would need to be erased.
— Simon Black

Practically speaking, government might do well to maintain a more vigorous countermisinformation establishment.
— Cass Sunstein and Adrian Vermeule

Back in November 2016, the Indian government decided to remove all 500- and 1000-rupee notes from circulation overnight without prior notice. This effectively removed 86% of cash in a country that was almost 90% cash reliant.
The notes became worthless and people were asked to hand them in to banks. They would only receive what they had deposited in dribs and drabs over time in the form of new notes. The official reason for this was that the action would curtail the shadow economy and reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism.

San Francisco will require retailers to accept cash as payment, joining Philadelphia and New Jersey in banning a growing cashless system that discriminates against low-income people who may not have access to credit cards.

Money in form of cash has been an integral part of human society for several millennia in a fashion comparable to religion or art. One cannot expect to erase one part of the social puzzle and get easily predictable results.

A man makes a transaction at an automated teller machine (ATM) of a Piraeus Bank branch in Athens, Greece. (AP/Yorgos Karahalis)
ATHENS (Analysis)– Day by day, we’re moving towards a brave new world where every transaction is tracked, every purchase is recorded, the habits and preferences of everyone noted and analyzed. What I am describing is the “cashless society,” where plastic and electronic money are king, while banknotes and coins are abolished.

(ANTIMEDIA) — In the shadow of Donald Trump’s spree of controversial actions, the European commission has quietly launched the next offensive in the war on cash. These unelected bureaucrats have boldly asserted their intention to crack down on paper transactions across the E.U. and solidify a trend that has been gaining momentum for years.

The real motivation to go cashless is downright sinister.

Pay attention, America.

The agritech world got a lot bigger this week when German chemical giant Bayer inked an agreement to acquire Monsanto for $66 billion in cash. The 2 companies had been bickering for months, and this was the 3rd refurbished offer. In the end, Bayer agreed to pay $128 per share, up from the company’s previous offer of $127.50. [1]
The agreement makes it the largest all-cash deal on record.
Markus Manns of Union Investment, one of Bayer’s top 12 investors, said: