Authors: David R. Warwick
ISBN-13: 9781567202397, ISBN-10: 156720239X
Format: Hardcover
Publisher: Greenwood Publishing Group, Incorporated
Date Published: November 1998
Edition: 1st Edition
DAVID R. WARWICK is an investor, researcher, and writer living in Santa Rosa, CA.
A provocative critique of America's cash money system and a powerful argument for replacing it with a cashless new system of federal electronic currency.
A lawyer turned investor and entrepreneur, Warwick argues that the private sector is not moving fast enough toward an all- electronic economy and so the US government must take the lead by replacing its paper and metal with federal electronic currency. The cost reductions he sees include reduced crime and not having to print and mint money. He also discusses such matters as privacy, security, and convenience. Annotation c. by Book News, Inc., Portland, Or.
Preface | ||
Abbreviations | ||
Introduction | 1 | |
1 | Cash is Killing us | 7 |
2 | Where is the Rising Usage of Electronic Money Taking Us? | 13 |
3 | Replacing Cash with Electronic Money | 45 |
4 | Federal or Private Currencies? | 55 |
5 | Federal Electronic Currency (FEDEC) | 75 |
6 | Benefits of a Federal Electronic Currency System | 97 |
7 | Privacy in an Electronic Currency System | 125 |
8 | Practical Considerations about Federal Electronic Currency | 147 |
9 | The Technical Components | 163 |
10 | How Federal Electronic Currency might Impact the Banking and Bankcard Industries | 179 |
Conclusion | 185 | |
Notes | 191 | |
Selected Bibliography | 203 | |
Index | 205 |