What are the left’s arguments for getting rid of cash?

Libertarian-minded people have long been concerned about government financial assaults.

Shadow economies are a consequence of too much government.

Excessive government and lifestyle liberalism.

A ham-fisted demonitization in India.

Believe it or not, but politicians hate cash.

Libertarians tend to like – or at least have a grudging respect for – the underground economy. For instance, even if we’re personally very straight-laced, we don’t like government prohibitions against gambling, drugs, and prostitution. This is why we’re not upset when these things happen in spite of the laws enacted by the political class. But […]

Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are inconsistent. Simply stated, people respond to incentives. When tax rates are punitive, folks earn and report less taxable income, and vice-versa. When tax rates increase, sometimes they engage in tax avoidance, lowering their […]

I’ve written several times about the foolish War on Drugs, which has been about as misguided and ineffective as the government’s War on Poverty. So when I saw a news report about a couple of Swedes getting busted for smuggling 200-plus kilos of contraband into Norway, and then another story about a Russian getting caught […]

In the private sector, no business owner would be dumb enough to assume that higher prices automatically translate into proportionately higher revenues. If McDonald’s boosted hamburger prices by 30 percent, for instance, the experts at the company would fully expect that sales would decline. Depending on the magnitude of the drop, total revenue might still […]