In a cashless world, you’d better pray the power never goes out

In a cashless world, you’d better pray the power never goes out

By Ryan McMaken / Mises Wire When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it. Bloomberg reported that the Fed was forced to fly a planeload of cash to the Island to help avert disaster: William Dudley, the New York Fed president, put […]