Valaurum President Moderates “The War on Cash” Panel

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January 19, 2018

Valaurum President Moderates “The War on Cash” Panel

“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.

Participants in the panel were Edmund C. Moy Former Director of the United States Mint, Jayant Bhandari U.S. Global Investors and Casey Research Advisor, and Keith Weiner CEO of Monetary Metals.

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