« Things worth reading: 13th September 2011 | Main | Things worth reading: 14th September 2011 »

September 13, 2011


Feed You can follow this conversation by subscribing to the comment feed for this post.


If you compare the growth in euro note production with European retail spending, it's clear that the great majority of notes produced are only for money laundering, tax evasion and other criminal purposes, so the "production curve" doesn't tell us anything.

Also, since the cost of cash is unfairly imposed on all of us, even those of us who don't want to use it, it's effectively a stealth tax that goes to support criminals. I don't understand why people put up with it.


The only downside is when you return to a card statement cluttered with foreign purchase surcharge fees....

I shudder to think how Anglo-Saxon retail would fare under a Visa-MC duopoly without competition from cash. Less of an issue elsewhere, e.g. Scandinavia as they still retain national card & internet banking programs, as against Ireland, where the banks are phasing out LASAR debit (circa 15c cost to retailer) in favour of Visa Debit (let's pump up the charges to 1.5% & more)

So, Cards good, Visa-MC duopoly bad.


Yesterday I was thinking of this topic as well and more specifically to the impact for this crisis. Could it be worth calculating to what extend the opportunity cost of cash in calculation could help banks to get them through the crisis (so by only looking at the loss of revenue instead of the additional costs for cash processing)?

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)

Twitter FSClub

    follow me on Twitter

    Your email address:

    Powered by FeedBlitz

    Search blog

    Amazon Digital Bank

    Financial Brand Editor's Choice

    Alex: The Finanser BlogAlex at the Financial Services Club
    Gaping Void: The Finanser BlogGaping Void's Hugh MacLeod worked with the Finanser
    Wordle: The Finanser Blog

    The Financial Brand


    Payments News - from Glenbrook Partners

    Payments RSS

    Tomorrow's Transactions blog