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by andygreenwell 2537 days ago
Maybe, but having previously worked for a company that makes physical money, it's a healthy business they are in. There is more cash being printed now than ever before, the second derivative on the the amount of cash over time (d2Cash/dt2) is definitely positive.

My personal opinion is that there will always be a need for physical analog money. The power goes out in Puerto Rico (hurricanes) and Manhattan (ConEdison) sometimes (just recapping the stories covered on NPR during my drive to work this morning).
3 comments
0003 2537 days ago
Is this really true? At least in the US, I do not think the amount of cash (M0) is accelerating. Unless my reading of this is completely wrong: https://fred.stlouisfed.org/series/BASE That said the recession really throws this off.
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dahfizz 2537 days ago
> ...the second derivative on the the amount of cash over time (d2Cash/dt2) is definitely positive.

That's very interesting. I wouldn't be surprised if the volume of physical cash is growing with a growing economy, but the fact that it's accelerating is unexpected. Do you have any links to learn more about this?

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saagarjha 2537 days ago
> There is more cash being printed now than ever before, the second derivative on the the amount of cash over time (d2Cash/dt2) is definitely positive.

Is inflation speeding up, or are notes just retired more often?

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