The cost of cash isn’t stopping people from using it
by Guy Dixon
More than an inconvenience, the real pressures on physical money is the sheer cost of cash. “For a number of reasons, cash is a drag on the economy. It imposes costs on consumers. It imposes costs on businesses. And most significantly, it imposes costs on the Treasury,” argued Bhaskar Chakravorti, senior associate dean of international business and finance at the Fletcher School at Tufts University in Medford, Mass.