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 between one and two percent of the GDP ...
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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 between one and two percent of the GDP, and cash is the lubricant for most of America's crime. By eliminating cash the saving from crime reduction alone would amount to hundreds of billions of dollars yearly. But naturally there would be issues of special concern if a FEDEC system were to become a hot public debate. Privacy, security, practicality, convenience are just some. Warwick tackles them here and, as no other books attempts to do, offers a practical plan for creating cashlessness. Well reasoned, meticulously documented, Ending Cash is a major contribution to what could soon become an important social debate--a debate that should, in the author's judgment, be started now. Ending Cash argues that America's tangible cash should be transformed into a new federal electronic currency (FEDEC). Although Warwick admits that private bank card systems and/or the Internet may some day supplant cash, he explains why this will not happen soon, certainly not in our lifetime. Warwick emphasizes that the unrealized benefits of cashlessness far exceed the mere convenience that citizens generally look for and enjoy in bank card usage. While stressing the relative inefficiency of cash, said to run $60 billion a year just in handling costs, he illustrates the profound role cash plays in most crimes, including tax evasion, all of which could be prevented with a resultant public savings in the hundreds of billions of dollars each year if a federal system were created. Against the background of consumer-oriented EFT systems, including credit-, debit-, and smart-card systems, Warwick explains the disinterest of industry in achieving cashlessness, as well as its organizational incapacity to carry it out. He thus argues the need for government involvement. Among the many facets he covers are privacy, security, technical requirements, and operational costs. He also explains the issue of employing private currencies as a replacement for cash, and how federal e-currency might impact the banking and bank card industries.
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Seller's Description:
Very good. No dust jacket. Ex-library. Sewn binding. Cloth over boards. With dust jacket. 212 p. Audience: General/trade. LCCN 98020131 Type of material Book Personal name Warwick, David R., 1937-Main title Ending cash: the public benefits of federal electronic currency / David R. Warwick. Published/Created Westport, Conn. : Quorum Books, 1998. Description xiv, 212 p.; 24 cm. ISBN 156720239X (alk. paper) LC classification HG1710. W37 1998 LC Subjects Electronic funds transfers--Government policy--United States. Monetary policy--United States. Subject keywords Federal electronic currency; Notes Includes bibliographical references (p. [203]-204) and index. Dewey class no. 332.1/0285 Geographic area code n-us---
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Seller's Description:
Very Good. Unused, minor shelf wear to outer pages, dust jacket has light scratches, otherwise in like new condition inside and out. Sewn binding. Cloth over boards. With dust jacket. 232 p.
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Fair. Buy with confidence! Comes with our 100% money back guarantee! ! Tracking included with every order! ! ! **** Access codes and supplements are not guaranteed with used items **** All items ship Monday-Friday in a secure bubble mailer....The dust jacket shows normal wear and tear. The pages show normal wear....
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
