The decline of the cash empire

Alex Lipton: the last line of defence between us and punitive negative rates is paper currency

digital-money-piggy
Paper cash is reaching the end of its reign

It is indisputable that civilisation is not possible without money, and vice versa. The meaning of money has long preoccupied rulers and their taxmen, buyers and sellers, entrepreneurs and their labourers, economists and philosophers, writers and stand-up comedians, revolutionaries and ordinary folks alike. It is universally accepted that money is a store of value, a means of payment in general and taxes in particular, a unit of account, and, more broadly, a link between the past and the future

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here