One major Australian bank has begun phasing out cash transactions at a number of its branches saying it is keeping up with the changing behaviour of customers. Australia and New Zealand Banking Group (ANZ)—one of Australia’s “Big Four”—revealed it would begin removing cash withdrawals and deposit services on March 30. Customers will only be allowed…

Like many governments around the world, the Biden administration seems determined to limit Americans’ monetary freedom by taxing it away, and by manipulating and controlling how they store and spend their money. Here are a few examples of how this is happening. Let’s start with the most obvious, which is the loss in purchasing power…

The next push to ban cash may come from crime statistics, as cashless Denmark boasted zero bank robberies last year. The campaign to end paper currency is becoming a hot button issue for many, as other countries and the World Economic Form, an international nongovernmental and lobbying organization, are considering replacing it with digitized currency. However,…

Commentary A mother gave her 8-year-old daughter $20 to spend at a theme park. The child—let us call her Nancy—wanted to buy a colourful T-shirt with her money. The mother, who had also prepared a delicious lunch box, chaperoned her excited child. At lunchtime, the child observed other children eating luscious chips, and she asked…