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Each chapter of this timely and fascinating audiobook focuses on a specific aspect of the coming cashlessness. Its cast of compelling characters includes an end-times fundamentalist who views the growing obsolescence of cash as a sign of the coming rapture; an ...
Each chapter of this timely and fascinating audiobook focuses on a specific aspect of the coming cashlessness. Its cast of compelling characters includes an end-times fundamentalist who views the growing obsolescence of cash as a sign of the coming rapture; an Icelandic artist whose claim to fame illustrates the complicated relationship between cash and nationalism; an American libertarian and coin-maker convicted on federal charges for the distribution of “Liberty” coins and Ron Paul dollars; and an Indian software engineer (self-billed as “the assassin of cash”) whose firm is enabling digital payment methods that are lifting the living standards of thousands of poor New Dehli residents via their cell phones. Raising the stakes with a personal experiment, Wolman goes (almost) a full year without using cash at all. All told, The End of Money offers everything there is to love about popular nonfiction, rendering a complex subject entertaining and easily approachable for a wide audience while proving the ultimate adventurousness inherent in a curiosity about the workings of the world.
Posted November 26, 2013
This is a decent overview of the current state of cash usage & movements towards other payment forms, such as PayPal, mobile payments through cell phones, and digital currencies, such as BitCoin. I found the information to be fairly good, albeit surprisingly dated given the Square Register and BitCoin innovations within the last year or so. Overall, the information on the Federal Reserve and seignorage was alright, again, albeit short and sweet. This is a good primer on money and finance but is by no means comprehensive.
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Posted February 17, 2012
Posted February 24, 2012
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