The End of Paper Money

It’s quite conceivable that the grandparents (or even parents) of the future will be  made to feel even more archaic as the young of that generation look at them quizzically and state “…are you serious? You used to use bits of paper as money?!” Money is a cultural abstract.   It is the social, cultural and legal consensus of what a given society- at a given time- considers as being money.    When economies are working well-…

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