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Not disagreeing but to many's surprise cash is more popular than ever. Most of us no longer us bank notes, yet the amount in circulation climbs...[0] what's go
by psychphysic 4y ago
Not disagreeing but to many's surprise cash is more popular than ever.
Most of us no longer us bank notes, yet the amount in circulation climbs...[0] what's going on?
It actually probably acts like a buffer, with BOE spending the net on government assets while the notes vanish off to places we prefer not to think of
[0] https://www.bankofengland.co.uk/statistics/banknote https://www.bankofengland.co.uk/statistics/banknote
- polygamous_bat 4y ago> Most of us no longer us bank notes, yet the amount in circulation climbs. The plots you shared are meaningless if they are not normalized against the total money supply. I think if normalized by total amount of money in circulation the percentage would be shrinking and not growing.