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Banks only keep track of transactions they are involved in. Cash transactions are peer to peer, private, and anonymous. The US government has been effectively
by cherrycherry98 5y ago
Banks only keep track of transactions they are involved in. Cash transactions are peer to peer, private, and anonymous.
The US government has been effectively phasing out cash through inflation since 1969, as they haven't issued any notes larger than $100 since then. You need roughly 780 2022 dollars to equal 100 1969 dollars. Even a $500 note does not get us back to parity on buying power.