“The War on Cash” explored recent moves by central banks and economists to eliminate physical money altogether. These entities have claimed that abolishing paper currency would help the fights against terrorism, the illegal drug trade, and tax evasion. The Freedom Fest Panel found that physical currency was an important basis of a free society. It also explored the the market need for physical currency, to the tune of $10tn. A number of panelists noted that private market solutions in precious metals could deemphasize government-printed paper currency in the future.