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Showing posts from October, 2021

inflation, skimpflation

  Meet skimpflation: A reason inflation is worse than the government says it is October 26, 2021

Cash is still king Cash: A crash course

  Dollar bills y’all Bitcoin bitcoin bitcoin. All we ever hear about is bitcoin. (And when it’s not bitcoin, it’s other cryptocurrencies.) But there is another means of payment that doesn’t get as much love, despite growing in popularity. It’s called cash. According to a recent report by the Bank for International Settlements (BIS), the amount of hard currency being printed is still on the rise in more than half of the big countries that make up its members. At the same time, people aren’t paying with notes and coins nearly as much as they used to—more and more we are swiping and tapping and pulling out phones instead of (physical) wallets. So what’s going on? How can digital payments and money printing go up at the same time? If we had to choose one word to describe what’s going on, it would be fear . 🐦 Tweet this! 🌐 View this email on the web By the Digits 25%: Increase in US dollars in circulation in September 2021 from two years earlier 19%: Share of US transa