The Dangerous War On Cash

Jul 14, 2017

Visa is giving up to $10,000 to 50 different businesses if they swear off the use of cash. The targeted businesses are restaurants, cafes, and food truck owners. Visa is encouraging the businesses to accept “all forms of global digital payments.” Contrary to the statists pushing a cashless society, cash is important and should be vigorously defended. Cash is private and does not create a permanent record of a transaction. It gives people a way to reduce their exposure to the broader financial system. When you put your money into a bank, it is no longer your money. It is the bank’s money. Banks are hardly pillars of virtue. They are often fined, prosecuted, and investigated for fraudulent behavior. Why would anyone want to be a part of that?