Jay L Zagorsky: The Power of Cash, Gebunden

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"We all love paying with our phones and collecting credit card bonuses, but Prof. Zagorsky shows us that the costs of this system are considerable, and are borne disproportionately by the poor. With a combination of careful research and everyday stories he argues convincingly that if we allow cash to disappear, we will regret it."
- ADAM JAFFE, Fred C. Hecht Professor in Economics Emeritus, Former Chair of Economics and Dean of Faculty, Brandeis University

Discover why cash is worth keeping for the long run in an increasingly "cashless" economy

The Power of Cash: Why Using Paper Money is Good for You and Society is a startlingly insightful new take on the unintended - and often harmful - consequences of our collective embrace of credit cards, debit cards, and electronic services as a replacement for paper money over the last thirty years.

Written by Boston University professor and former advisor to the Boston Federal Reserve, Jay L. Zagorsky, the book explains why cash is an essential and useful tool that helps us preserve our privacy, mitigate the risk of being unable to pay due to war or a natural disaster, and assists the poor, unbanked, and disenfranchised as they attempt to navigate an increasingly cashless society.

You'll discover if businesses and governments are allowed to refuse to take your U. S. currency and how cash helps to limit the additional fees and costs associated with electronic purchases.

Perfect for anyone interested in the ways we pay for things each and every day, The Power of Cashis a must-read for people who want to know about the implications and consequences of our potential shift to a truly cashless economy.