The Power of Cash

Thirty years ago, cash was king. Today, the world has shifted toward electronic payments – credit cards, Venmo, cryptocurrencies – while cash has become an afterthought, especially among younger generations. Many celebrate this digital transformation, but few acknowledge its hidden costs. The disappearance of cash impacts us all: it encourages overspending, erodes privacy, drives up prices, and disproportionately harms low-income individuals by forcing them into banking services they can’t afford. It also weakens national security, exposing us to cyberattacks and disruptions from natural disasters. Even crime has evolved, with digital fraudsters able to strike from anywhere in the world.

Too often, technologists paint a utopian vision of a cashless society while ignoring its pitfalls. This book sounds the alarm, because once cash, ATMs, and registers vanish, restoring them will be an expensive, uphill battle. Cash remains an essential tool for financial freedom, security, and resilience. This book makes the case for why preserving it benefits us all.

The Power of Cash is available for pre-order here: Amazon, Bookshop.org, Barnes & Noble, Books-A-Million, Powell’s

For more information, visit www.thepowerofcash.com