March 27, 2015

Behavioral Economics: The cost of cash - The Chaffee County Times: Opinion

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Behavioral Economics: The cost of cash

Posted: Thursday, September 27, 2012 8:00 am

Open your wallet or purse and pull out any dollar bill.  At the very top are the words “Federal Reserve Note.”   

In your hands you hold a payable upon demand IOU, with a zero percent interest rate, signed by both the Treasurer of the United States and the Secretary of the Treasury.  

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