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America

ISIS and the End of Cash

If you listen to administration officials, the key to winning the war on ISIS is to cut off the group’s funding, some of which the government claims is tied up in stacks of U.S. dollars. At the same time, banking interests and policymakers claim possession of a $100 bill is practically evidence of criminality in and of itself. As these two efforts to stigmatize cash intersect, America faces a dramatic push to eliminate, or at the very least drastically curb, the existence of physical money.

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