Salvajes, por Juan Carlos Golindano

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Have you ever questioned why cash is still used?
jcgolindano.substack.com

Have you ever questioned why cash is still used?

Note: We should all be free to use whatever means of payment we consider without being monitored by governments.

Juan Carlos Golindano
Jul 20
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Have you ever questioned why cash is still used?
jcgolindano.substack.com

It is common knowledge that most illegal activities are conducted with cash. Those who wish to remain under the radar of the tax authorities prefer $100 bills.

Here's a second question: Why are large bill notes, which most people and workers do not possess, still available in large quantities?

Kenneth Rogoff states in his book "The curse of cash" that Robert Rubin believed 500 Euro notes could challenge $100 bills in the global underground economy, acknowledging in part that the ultimate utility of these notes is to facilitate shady transactions.

The European Central Bank (ECB) estimates that 20 to 25% of Euro currency is held outside the Eurozone.

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Have you ever questioned why cash is still used?
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