QUOTE of the DAY

… Second, he recognizes that poor people tend to use cash for most of their transactions. Buiter gets arourd this problem by suggesting that a limmited quantity of small-denomination currency and coin be allowed to circulate for use by the poor – nothing larger than a 5 dollar bill, he suggests. Alternatively, he suggests that the “unbanked” be “provided” I can only assume he means “forced to use”. We’ll get more into this when I discuss the Better Than Cash Alliance and their efforts to move societies away from cash…

QUOTE : THE WAR ON CASH , How Banks and a Power-Hungry Government Want to Confiscate Your Cash, Steal Your Liberty and Track Every Dollar You Spend And How to Fight Back , David McRree . pg 24