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Update on the Global War on Cash

Summary:
Rumor has it that the political elites of Euroland are contemplating a tax on withdrawals from ATMs.  Needless to say, the banks are pleased as punch at the prospect, because it will impede the bank runs that reveal their inherently illiquid status. Note: The views expressed on Mises.org are not necessarily those of the Mises Institute. Image source: https://pixabay.com/p-1524870/ When commenting, please post a concise, civil, and informative comment. Full comment policy here.

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  • Update on the Global War on Cash

Rumor has it that the political elites of Euroland are contemplating a tax on withdrawals from ATMs.  Needless to say, the banks are pleased as punch at the prospect, because it will impede the bank runs that reveal their inherently illiquid status.

Update on the Global War on Cash
 Mises.org are not necessarily those of the Mises Institute.
Image source: https://pixabay.com/p-1524870/
 
Joseph T. Salerno
Joseph T. Salerno is an Austrian School economist in the United States. He is a professor at Pace University, an editor of the Quarterly Journal of Austrian Economics, and Academic Vice President of the Mises Institute. Salerno specializes in monetary theory and policy, comparative economics, and the history of economic thought. Dr. Salerno received his Ph.D. in economics from Rutgers University. His most recent publication is Money: Sound and Unsound.

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