Ending Cash
If America's tangible cash could be transformed into federal electronic currency (FEDEC), the social and economic benefits would be profound. Warwick argues eloquently why government should mandate cashlessness, then demonstrates not only why it can be done, but how to go about doing it. He shows that because the private sector will not and can not replace cash, government must do it; indeed, government FEDEC is superior to a system of private currencies. Cash handling costs the nation...
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A provocative critique of America's cash money system and a powerful argument for replacing it with a cashless new system of federal electronic currency. Booknews A lawyer turned investor and entrepreneur, Warwick argues that the private sector is not moving fast enough toward an all- electronic economy and so the US government must take the lead by replacing its paper and metal with federal electronic currency. The cost reductions he sees include reduced crime and not having to print and mint money. He also discusses such matters as privacy, security, and convenience. Annotation c. by Book News, Inc., Portland, Or.
PrefaceAbbreviationsIntroduction11Cash is Killing us72Where is the Rising Usage of Electronic Money Taking Us?133Replacing Cash with Electronic Money454Federal or Private Currencies?555Federal Electronic Currency (FEDEC)756Benefits of a Federal Electronic Currency System977Privacy in an Electronic Currency System1258Practical Considerations about Federal Electronic Currency1479The Technical Components16310How Federal Electronic Currency might Impact the Banking and Bankcard Industries179Conclusion185Notes191Selected Bibliography203Index205
\ BooknewsA lawyer turned investor and entrepreneur, Warwick argues that the private sector is not moving fast enough toward an all- electronic economy and so the US government must take the lead by replacing its paper and metal with federal electronic currency. The cost reductions he sees include reduced crime and not having to print and mint money. He also discusses such matters as privacy, security, and convenience. Annotation c. by Book News, Inc., Portland, Or.\ \
