Hi everyone, higher pricese are likly ahead of us (I mean Wave C is a function of Wave A and Wave B)!
Chart is self explanatory.
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Today, physical currency provides the public with access to safe central bank money, exchangeable without concern for liquidity or credit risk. The share of U.S. payments made by cash has declined from 31 percent to 20 percent just over the past five years, and the share is even lower for those under age 45.
www.federalreserve.g...rainard20220526a.htm
www.federalreserve.g...rainard20220526a.htm
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