CASH VS DIGITAL
By Mauro Marturano
Premise: if we were talking about good money (that is, NOT CREATED OUT OF THIN AIR), it's OBVIOUS that cash would be better than digital money. So obvious it shouldn't even need saying.
Too bad the premise of good money (NOT PRINTED WILLY-NILLY) doesn't hold. And so...
The real problem, in a context where money is already practically all electronic, do you think it can be cash, or the fact that too much money has been blown and that control has (deliberately) been lost?
Do you understand that we are minority shareholders of the Fed and the ECB, and that the moment they decide — and they've always decided to do this, but especially since 2009 — to do a monster capital increase (as happened, for example, after 2008 and during the Great Shame), our share of money (which is the measure of the time spent earning it) gets liquefied?
If you understand that, is the bigger problem the money supply issued (finding wonderful excuses) or is it cash?