{"product_id":"the-power-of-cash-why-using-paper-money-is-good-for-you-and-society-hardback-9781394299911","title":"The Power of Cash; Why Using Paper Money is Good for You and Society (Hardback) 9781394299911","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Power of Cash\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eWhy Using Paper Money is Good for You and Society\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJay L. Zagorsky (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781394299911, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 24 April 2025\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e384 pages\u003cbr\u003e23.1 x 15.5 x 4.1 cm, 0.59 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eWhy cash is worth preserving in an increasingly “cashless” society\u003c\/b\u003e \u003c\/p\u003e\n\u003cp\u003eOver the last thirty years, we have witnessed a rapid transformation in the way that people pay for goods and services. Where we used to use cash for all but our largest purchases, many people now prefer credit cards, debit cards, cryptocurrency, and electronic services like Venmo, PayPal, or Alipay. And that's not necessarily a good thing. \u003c\/p\u003e\n\u003cp\u003eIn \u003ci\u003eThe Power of Cash: Why Using Paper Money is Good for You and Society,\u003c\/i\u003e Professor Jay Zagorsky, former advisor to the Boston Federal Reserve, delivers a startlingly insightful and eye-opening discussion of the harmful and unintended consequences of the demise of paper money. The author convincingly argues that cash is an essential and helpful tool that's worth preserving for the long run. \u003c\/p\u003e\n\u003cp\u003eYou'll learn why using cash makes it easier to control your spending, secures your anonymity and privacy against bad actors intent on stealing your data, mitigates the chaos of climate change and war, and helps the poor, vulnerable, unbanked, and disenfranchised to navigate society. You'll also discover: \u003c\/p\u003e\n\u003cul\u003e \u003cli\u003eWhen business and governments can refuse to take your paper money\u003c\/li\u003e \u003cli\u003eHow cash maintains your privacy and anonymity from tech companies, hackers, banks, and others\u003c\/li\u003e \u003cli\u003eHow cash ensures companies cannot charge you a high “custom price”\u003c\/li\u003e \u003cli\u003eThe potential dangers of giving governments control and knowledge of your spending\u003c\/li\u003e \u003cli\u003eHow cash controls additional fees and costs associated with electronic purchases\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePerfect for anyone with an interest in the way we pay for the things we buy each and every day, \u003ci\u003eThe Power of Cash\u003c\/i\u003e is also a must-read for people interested in the implications of a truly “cashless” society on personal finance, technology, politics, and social justice.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xv \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter One\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eIntroduction and Overview 1 \u003c\/p\u003e \u003cp\u003eShift Away from Cash 3 \u003c\/p\u003e \u003cp\u003eWhy the Shift? 4 \u003c\/p\u003e \u003cp\u003eKey Question – Is the Shift Good? 5 \u003c\/p\u003e \u003cp\u003eThe Synopsis: A Dozen Reasons Cash Is Powerful 8 \u003c\/p\u003e \u003cp\u003eConclusion 13 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection I \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIs Cash Disappearing? 15 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Two\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eIs Cash Disappearing? The Case of Spending 17 \u003c\/p\u003e \u003cp\u003eCash Use Around the World 19 \u003c\/p\u003e \u003cp\u003eWhy Do Some Places Use Cash More Than Others? 20 \u003c\/p\u003e \u003cp\u003eTrends in Paper Money Use 22 \u003c\/p\u003e \u003cp\u003eWho Is Leading the US Shift? 23 \u003c\/p\u003e \u003cp\u003eIs Cash Still Used for Small Payments? 25 \u003c\/p\u003e \u003cp\u003eConclusion 26 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Three\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eIs Cash Disappearing? The Case of Savings 29 \u003c\/p\u003e \u003cp\u003eTrends in Paper Money Holdings 30 \u003c\/p\u003e \u003cp\u003eOther Countries 32 \u003c\/p\u003e \u003cp\u003eThe Changing Mix 35 \u003c\/p\u003e \u003cp\u003eWhat It Means 35 \u003c\/p\u003e \u003cp\u003eConclusion 37 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection ii \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Provides Society with Resilience 41 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Four\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eHow Do Cashless Payments Work? 43 \u003c\/p\u003e \u003cp\u003eCommunication Disruptions 48 \u003c\/p\u003e \u003cp\u003eElectricity Disruptions – Understanding Power Grids 50 \u003c\/p\u003e \u003cp\u003eNumber of Electricity Disruptions 52 \u003c\/p\u003e \u003cp\u003eCash is Environmentally Friendly 54 \u003c\/p\u003e \u003cp\u003eComputer Security 54 \u003c\/p\u003e \u003cp\u003eConclusion 57 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Five\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eNatural Disasters Prevent Cashless Payments from Happening 59 \u003c\/p\u003e \u003cp\u003eTrend in Natural Disasters 62 \u003c\/p\u003e \u003cp\u003eFloods: An Example from China 64 \u003c\/p\u003e \u003cp\u003eHurricanes 65 \u003c\/p\u003e \u003cp\u003eFire and Drought 67 \u003c\/p\u003e \u003cp\u003eVolcanic Eruption 69 \u003c\/p\u003e \u003cp\u003eSolar Storms 70 \u003c\/p\u003e \u003cp\u003eConclusion 72 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Six\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003ePaper Money Boosts National Defense 75 \u003c\/p\u003e \u003cp\u003eModern Examples 77 \u003c\/p\u003e \u003cp\u003eCounterfeit Money – Destroying Faith in the Currency 79 \u003c\/p\u003e \u003cp\u003ePower 82 \u003c\/p\u003e \u003cp\u003eMoving Money 83 \u003c\/p\u003e \u003cp\u003eDestroying Faith 87 \u003c\/p\u003e \u003cp\u003eAre Transactions True? 88 \u003c\/p\u003e \u003cp\u003eConclusion 91 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection iii \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Helps People 93 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Seven\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eUsing Cash Helps Control Spending 95 \u003c\/p\u003e \u003cp\u003eDo People Spend More? 98 \u003c\/p\u003e \u003cp\u003eImpulse Control 99 \u003c\/p\u003e \u003cp\u003eVisualization 100 \u003c\/p\u003e \u003cp\u003eEndowment Effect 101 \u003c\/p\u003e \u003cp\u003eThe Budget Constraint 102 \u003c\/p\u003e \u003cp\u003eConclusion 104 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Eight\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eOther Reasons Why Using Cash Helps People 107 \u003c\/p\u003e \u003cp\u003eUsing Cash Saves Money 108 \u003c\/p\u003e \u003cp\u003eUsing Cash Keeps You Healthier 109 \u003c\/p\u003e \u003cp\u003eCash and Math Skills 111 \u003c\/p\u003e \u003cp\u003eTipping 112 \u003c\/p\u003e \u003cp\u003eNickel and Dimed 114 \u003c\/p\u003e \u003cp\u003eConclusion 116 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Nine\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eUsing Cash Keeps Your Life Private 117 \u003c\/p\u003e \u003cp\u003eHow Private Is Collecting and Distributing Data? 119  \u003c\/p\u003e \u003cp\u003eWho Needs Data Privacy? 123 \u003c\/p\u003e \u003cp\u003ePrivacy Within Households 123 \u003c\/p\u003e \u003cp\u003eSpousal and Partner Abuse and Infidelity 125 \u003c\/p\u003e \u003cp\u003ePrivacy Between Households and Businesses 127 \u003c\/p\u003e \u003cp\u003eHouseholds and Businesses versus the Government 129 \u003c\/p\u003e \u003cp\u003eProblems of Being Incorrectly Identified 132 \u003c\/p\u003e \u003cp\u003ePotential Solutions 133 \u003c\/p\u003e \u003cp\u003eConclusion 134 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Ten\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eUsing Electronic Payments Boosts Prices 135 \u003c\/p\u003e \u003cp\u003eMerchant Fees 136 \u003c\/p\u003e \u003cp\u003eHow Companies Price 140 \u003c\/p\u003e \u003cp\u003eMerchant Views 142 \u003c\/p\u003e \u003cp\u003eSurcharging and Steering 144 \u003c\/p\u003e \u003cp\u003eCustom Pricing 145 \u003c\/p\u003e \u003cp\u003eExamples of Custom Pricing 148 \u003c\/p\u003e \u003cp\u003eConclusion 150 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection iv \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Helps the Vulnerable 151 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Eleven\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eEliminating Cash Hurts the Poor 153 \u003c\/p\u003e \u003cp\u003eExclusion from Stores 154 \u003c\/p\u003e \u003cp\u003eReduction in Charity 155 \u003c\/p\u003e \u003cp\u003eLegal and Other Solutions 157 \u003c\/p\u003e \u003cp\u003eHow the Poor Subsidize the Rich 159 \u003c\/p\u003e \u003cp\u003eUnbanked and Underbanked 161 \u003c\/p\u003e \u003cp\u003eThe Unbanked Pay Extra Fees 163 \u003c\/p\u003e \u003cp\u003eHow Many Unbanked Are in the World? 165 \u003c\/p\u003e \u003cp\u003eUnable to Pay for a Phone 166 \u003c\/p\u003e \u003cp\u003eConclusion 167 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Twelve\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eCash Helps Immigrants, Refugees, and Tourists 169 \u003c\/p\u003e \u003cp\u003eVulnerable Tourists 172 \u003c\/p\u003e \u003cp\u003eDynamic Currency Conversion 174 \u003c\/p\u003e \u003cp\u003eForeign Exchange Rates and Black Markets 176 \u003c\/p\u003e \u003cp\u003eConclusion 180 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Thirteen\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eCash Puts Limits on Central Banks Hurting the Elderly 181 \u003c\/p\u003e \u003cp\u003eThe Power of Interest Rates 182 \u003c\/p\u003e \u003cp\u003eNegative Interest Rates 183 \u003c\/p\u003e \u003cp\u003ePaper Money Is a Brake 186 \u003c\/p\u003e \u003cp\u003eSavings Problems 187 \u003c\/p\u003e \u003cp\u003eCash Limits the Damage of Bank Runs 188 \u003c\/p\u003e \u003cp\u003eReal Interest Rates 191 \u003c\/p\u003e \u003cp\u003eConclusion 195 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection\u003c\/b\u003e \u003cb\u003ev \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Is Not Causing Crime, Terrorism, or Tax Evasion 197 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Fourteen\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eDoes Cash Make More People and Businesses Victims of Crime? 199 \u003c\/p\u003e \u003cp\u003eFraud, Scams, and Identity Theft 201 \u003c\/p\u003e \u003cp\u003eThe Amount of Stolen Cash 203 \u003c\/p\u003e \u003cp\u003eCashless Ways to Commit Crimes 204 \u003c\/p\u003e \u003cp\u003eCredit Card Crime 206 \u003c\/p\u003e \u003cp\u003eDebit Card Crime 208 \u003c\/p\u003e \u003cp\u003eDoes the Cashless Society Reduce Bank Losses? 209 \u003c\/p\u003e \u003cp\u003eThe Case of Sweden 212 \u003c\/p\u003e \u003cp\u003eConclusion: How to Avoid These Types of Crime? 212 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Fifteen\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eDoes Cash Facilitate Corruption, Terrorism, or Organized Crime? 215 \u003c\/p\u003e \u003cp\u003eCorruption 216 \u003c\/p\u003e \u003cp\u003eCorruption Data 219 \u003c\/p\u003e \u003cp\u003eThe Case of Sweden 222 \u003c\/p\u003e \u003cp\u003eTerrorism 222 \u003c\/p\u003e \u003cp\u003eOrganized Crime 227 \u003c\/p\u003e \u003cp\u003eConclusion 228 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Sixteen\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eDoes Eliminating Cash Reduce Tax Evasion? 231 \u003c\/p\u003e \u003cp\u003eIndia’s 2016 Elimination of Most Cash 233 \u003c\/p\u003e \u003cp\u003eThe Tax Gap Around the World 235 \u003c\/p\u003e \u003cp\u003eUS Tax Gap 237 \u003c\/p\u003e \u003cp\u003eElectronic Tax Filing 239 \u003c\/p\u003e \u003cp\u003eInflation Tax 240 \u003c\/p\u003e \u003cp\u003eCan Tax Evasion Be Reduced Without Getting Rid of Paper Money? 242 \u003c\/p\u003e \u003cp\u003eConclusion 243 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection vi \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eControl 245 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Seventeen\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eCash Prevents Government Control 247 \u003c\/p\u003e \u003cp\u003eShutting Off Bank Accounts 248 \u003c\/p\u003e \u003cp\u003eDigital Currency 250 \u003c\/p\u003e \u003cp\u003eGovernment Control of the Unbanked 252 \u003c\/p\u003e \u003cp\u003eCurrency Transaction Reports 255 \u003c\/p\u003e \u003cp\u003eConclusion 256 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Eighteen\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eCan Businesses and Governments Refuse to Take Cash? 259 \u003c\/p\u003e \u003cp\u003eAre There Laws Forcing Businesses to Take Cash? 261 \u003c\/p\u003e \u003cp\u003eTrying to Pay the IRS with Cash 263 \u003c\/p\u003e \u003cp\u003eWhy Does the IRS Not Want Cash? 267 \u003c\/p\u003e \u003cp\u003eConclusion 268 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Nineteen\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eWho Is Pushing the World to Go Cashless? 269 \u003c\/p\u003e \u003cp\u003eCredit and Debit Card Company Incentives 270 \u003c\/p\u003e \u003cp\u003eCredit and Debit Card Company Growth 273 \u003c\/p\u003e \u003cp\u003eSmaller Credit Card Companies 275 \u003c\/p\u003e \u003cp\u003eBanks’ Incentives 276 \u003c\/p\u003e \u003cp\u003eGovernment’s Incentive 278 \u003c\/p\u003e \u003cp\u003eHigh Technology’s Incentive 280 \u003c\/p\u003e \u003cp\u003eRetailers’ Incentive 282 \u003c\/p\u003e \u003cp\u003eFinancial Technology Incentives 283 \u003c\/p\u003e \u003cp\u003eConclusion 284 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Twenty\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003eConclusion: What to Do to Ensure Cash Does Not Disappear 287 \u003c\/p\u003e \u003cp\u003eIndividual Actions 288 \u003c\/p\u003e \u003cp\u003eCollective Advocacy 289 \u003c\/p\u003e \u003cp\u003eBureaucratic Fixes – ATMs 290 \u003c\/p\u003e \u003cp\u003eInflation Adjustment for Currency Transaction Reports 292 \u003c\/p\u003e \u003cp\u003eBring Back Large Bills 293 \u003c\/p\u003e \u003cp\u003eLegislation Designed to Ensure Stores Take Cash 296 \u003c\/p\u003e \u003cp\u003eSin Purchases 298 \u003c\/p\u003e \u003cp\u003eOther Sin or Vice Purchases 299 \u003c\/p\u003e \u003cp\u003eYear-End Bonuses 301 \u003c\/p\u003e \u003cp\u003eMilitary Pay 302 \u003c\/p\u003e \u003cp\u003eMandatory Preparedness for Financial Companies 303 \u003c\/p\u003e \u003cp\u003eThe End 304 \u003c\/p\u003e \u003cp\u003eAcknowledgments 307 \u003c\/p\u003e \u003cp\u003eNotes 311 \u003c\/p\u003e \u003cp\u003eBibliography 329 \u003c\/p\u003e \u003cp\u003eIndex 351\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Business \u0026amp; management [\u003ca title=\"See our other books on Business \u0026amp; management\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Business%20\u0026amp;%20management%20%5BKJ%5D%22\"\u003eKJ\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52173726515480,"sku":"9781394299911","price":18.45,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781394299911.jpg?v=1781168481","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-power-of-cash-why-using-paper-money-is-good-for-you-and-society-hardback-9781394299911","provider":"Freshly Printed Books","version":"1.0","type":"link"}