Overview

Over the last thirty years, we have witnessed a rapid transformation in the way that people pay for goods and services. Where we used to use cash for all but our largest purchases, many people now prefer credit cards, debit cards, cryptocurrency, and electronic services like Venmo, PayPal, or Alipay. And that's not necessarily a good thing. In The Power of Cash, Professor Jay Zagorsky, former advisor to the Boston Federal Reserve, delivers a startlingly insightful and eye-opening discussion of the harmful and unintended consequences of the demise of paper money. The author convincingly argues that cash is an essential and helpful tool that's worth preserving for the long run. You'll learn why using cash makes it easier to control your spending, secures your anonymity and privacy against bad actors intent on stealing your data, mitigates the chaos of climate change and war, and helps the poor, vulnerable, unbanked, and disenfranchised to navigate society. You'll also discover when business and governments can refuse to take your paper money; how cash maintains your privacy and anonymity from tech companies, hackers, banks, and others; the potential dangers of giving governments control and knowledge of your spending; how cash controls additional fees and costs associated with electronic purchases; and more.

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Author Information

Jay L. Zagorsky is clinical associate professor of markets, public policy, and law at Boston University. He has published extensively in both peer-reviewed academic journals and the popular press, including the Washington Post, Wall Street Journal, Newsweek, Quartz, and Salon. Rick Barr is an experienced audiobook narrator with several years of experience and over 100 audiobooks produced. As a member of SAG-AFTRA, he has lent his voice to a wide range of genres, from thrillers and sci-fi to romances and nonfiction. What sets him apart is a deep, resonant voice-a quality that listeners often describe as both captivating and unique. He takes pride in his ability to immerse listeners in the world of a book, allowing them to feel the characters' emotions and connect with the narrative on a profound level. He is particularly adept at adjusting his voice for different genders and ages. Whether it's a suspenseful thriller or a thought-provoking nonfiction work, he brings dedication, professionalism, and authenticity to every project. Rick Barr is an experienced audiobook narrator with several years of experience and over 100 audiobooks produced. As a member of SAG-AFTRA, he has lent his voice to a wide range of genres, from thrillers and sci-fi to romances and nonfiction. What sets him apart is a deep, resonant voice-a quality that listeners often describe as both captivating and unique. He takes pride in his ability to immerse listeners in the world of a book, allowing them to feel the characters' emotions and connect with the narrative on a profound level. He is particularly adept at adjusting his voice for different genders and ages. Whether it's a suspenseful thriller or a thought-provoking nonfiction work, he brings dedication, professionalism, and authenticity to every project.

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