CASH IS KING

摘要

Before the collapse of the pricfs of bit- coins and gold, predictions of the death of fiat money were running rife among the goldbug (and Bitbug) crowd. But paper money has never been more popular. From December 2007 through the end of 2012, the U. S. currency in circulation has surged by 42 percent, according to the Federal Reserve Bank of San Francisco, even though the growth of alternative payment methods such as electronic transfers and debit cards has been outpacing the use of cash.