Originally Posted by !@#$%!
after the abandonment of the gold standard, all money is just numbers on a ledger. "cash" just means liquidity. actual greenbacks can be printed or burned at will and are irrelevant to the status of such accounts.
like, your social security contributions are not bills sitting in some vault. they're just numbers on a ledger.
basically all we have is credits and debits. it's all we've ever had anyway.
printing actual pieces of wood pulp with all sorts of guarantees of legitimacy on it has an actual material cost in excess of the computer systems that keep track of it, so attaching a price to it is not an irrational thing. sorta like charging for the shopping bags you use at the store when you don't bring reusable ones. in santa fe you pay 10c per paper bag and there are no plastic ones.
"would you like your money paper or digital?"
"that'll be 10 cents per bill" (or something)
money became digital a long time ago.
the reason we are in such a recession is because we haven't adapted to it enough yet.
the boom will come, but it may take some time