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The Dangers of a “Cashless” Economy

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October 26, 2023

By Patrick Barron

Your ability to hold real cash, not just bank balances accessible by check or electronic means, protects you from the inevitable infrastructure problems associated with any electronic system but also from the instantaneous seizure of at least some of your money. Cash is anonymous whereas a bank account is not. If something happens, you will still be able to function to the limit of the cash you happen to have on hand.

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