Another article related to the "war on cash" from former Fed governor Narayana Kocherlakota: "Want a Free Market? Abolish Cash." Yes, it's a real doozy of specious reasoning.

https://www.bloomberg.com/view/artic...t-abolish-cash

Of note:

We’ve endured a deep recession and a miserable recovery because the government, through its provision of currency, interferes with the proper functioning of financial markets.
I had no idea that the Federal Reserve is part of "the government!"

Also, Kocherlakota seems to suggest that a free market can be achieved by eliminating cash all the while ignoring the much more heavy-handed market interventions of the Fed through its purchases of Treasuries and mortgage backed securities. If we did eliminate cash altogether, does Kocherlakota suggest that the Fed would take its thumb off the scales?

Ladies and gentlemen: I present to you your idiots at the Federal Reserve!