Why Eliminating Cash Would Harm the Market Economy - SchiffGold.com

Why Eliminating Cash Would Harm the Market Economy - SchiffGold.com

Source: SchiffGold.com

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DW NOTE

SchiffGold makes this argument every eighteen months, and every eighteen months the empirical record refutes it: Sweden's Riksbank began phasing out cash in 2012, and card transactions now outnumber notes 492 to 1. Swedish GDP per capita has grown faster than the eurozone average in every year since. The correlation between cash elimination and economic harm remains a libertarian talking point unsupported by a single OECD dataset.

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