4 ms·
https://archive.ph/Ms4vy https://archive.ph/Ms4vy See also: https://www.federalreserve.gov/econres/feds/files/2023007pap.pdf https://www.federalreserve.gov/eco
by theandrewbailey 2y ago
https://archive.ph/Ms4vy https://archive.ph/Ms4vy
See also: https://www.federalreserve.gov/econres/feds/files/2023007pap.pdf https://www.federalreserve.gov/econres/feds/files/2023007pap...
> We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer, and high to low minority areas, widening existing disparities.
- fortran77 2y agoAlso from TFA: > Accepting cash costs the retailer nothing. THis isn't exactly true. It probably costs nearly the same 3% to the retailer for cash handling fees (armored cars), cash security, holdup risk, and employee theft. I accept the article's main point. I just hope we, the Taxpayers, won't have to bail out credit card debt along with student loan debt, etc.
- gladiatr72 2y agoUm. No. Most small business owners transport cash to their bank on a daily or weekly basis. It takes 6-7 minutes at a drive-up teller window.