Real money magic: legal tender

“This note is legal tender, for all debts public and private.” That is the message written on all federal reserve notes, the paper currency produced in the United States. “Legal tender” is a phrase used in law to indicate that something without intrinsic value (paper currency) must be accepted as if it does have value;Continue reading “Real money magic: legal tender”

Curse of Cash review

On its face, The Curse of Cash is an argument for morality: criminals use cash to operate in the shadows, and there’s nothing an honest citizen can’t do with money electronically; therefore ridding our society of physical money would make for a more virtuous, safe, and honest environment. Physical currency was an absolute necessity toContinue reading “Curse of Cash review”