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Biggest benefit of cash-free economy not mentioned in the article: escape from the Zero Bound in conducting monetary policy (https://en.wikipedia.org/wiki/Zero_
by rayherrick 11y ago
Biggest benefit of cash-free economy not mentioned in the article: escape from the Zero Bound in conducting monetary policy (https://en.wikipedia.org/wiki/Zero_lower_bound https://en.wikipedia.org/wiki/Zero_lower_bound). It can't be that central bankers in Sweden aren't realizing this; Sweden's central bankers have always been a notch above performance-wise.
- zerstroyer 11y agoKinda sad that the only way we will ever solve this problem seems to be by pure accident.
- barney54 11y agoBut this also assumes that the zero bound is a problem for monetary policy. Personally, I believe it is a feature not a bug to have a zero lower bound.