Submitted by Erico Matias Tavares via Sinclair & Co.,
Calls by various mainstream economists to ban cash transactions seem to be getting ever more louder.
Bills and coins account for about 10% of M2 monetary aggregates (currency plus very liquid bank deposits) in the US and the Eurozone. Presumably the goal of this policy is to bring this percentage down to zero. In other words, eliminate your right to keep your purchasing power in paper currency.