Guest: David Wolman
“The End of Money” is the title of David Wolman’s provocative book, which explores a world without cash. Could our economy exist without bills and coins? Do we need a mint? Can we convert Fort Knox into a multiplex? David has traveled the world seeking answers and he has learned that replacing unnecessary currency with digital records could save us over $1 billion per year! In David’s world, the Brinks truck would pull up to a bank and carry out bags of digits, not cash. There are profound economic, practical, and even psychological consequences of getting rid of cash. But will this result is an even more complete loss of financial privacy, or has that already happened?