[MikeNomad]

Cash is not going away anytime soon for at least a couple of reasons: Trust (Account Overloards say I have 100 USD in my account when I actually have 1,000), and cash is a very handy debt instrument for the issuer.

(and)

FDR did not take the US off the gold standard, he outlawed private ownership of gold. Nixon took the US off the gold standard in the early 70s.

[theandrewbailey]

There are innumerable small shops/cafes/restaurants that are cash only. Will banks or governments subsidize or provide free equipment in order to not harm the idolized small business owners and job creators?

[bobwaycott]

Nah. They'll champion the market's infallible ability to work it all out.

[slededit]

FDR in effect broke the gold standard in two ways:

1) First since gold was illegal to own, Federal notes were effectively no longer redeemable for gold

2) The dollar was inflated from $20.67/oz to $35/oz

This meant two things; first the dollar was backed in gold by name only since you couldn't actually take advantage of that fact in any quantity. Second the Government was able to change the dollar/gold ratio at its whim. This breach of trust meant that the dollar was not and would never again be as good as actual gold.

[hvm]

> he outlawed private ownership of gold

So if you buy gold in the US, you are actually renting it from the government or something?

[ArkyBeagle]

This was in the past. Gold was made just another commodity from Nixon forwards.