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Saturday, July 24, 2021
Why cash is a public good and has a high social value Despite prophecies to the contrary, demand for physical cash has risen during the Covid-19 pandemic. In technologically forward-leaning Japan, 10,000-yen notes have seen a sharp rise in their share of the overall currency in circulation, even as digital payments proliferate. This is one of many trends demonstrating that people around the world still believe in the public utility and social value of having and spending cash.
Saturday, July 24, 2021Why cash is a public good and has a high social value Despite prophecies to the contrary, demand for physical cash has risen during the Covid-19 pandemic. In technologically forward-leaning Japan, 10,000-yen notes have seen a sharp rise in their share of the overall currency in circulation, even as digital payments proliferate. This is one of many trends demonstrating that people around the world still believe in the public utility and social value of having and spending cash.
