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finance

10/14/2017 / By News Editors

In a Cashless World, You’d Better Pray the Power Never Goes Out

When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it. (Article by Ryan McMaken republished from Mises.org) Bloomberg reported yesterday that the Fed was forced to fly a planeload of cash to the Island to help avert disaster: William Dudley, the New York Fed president, […]

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