> I think there is a huge shadow economy with cash money only.
Oh yes absolutely. The number of $100 bills are more than $1 bills and less than 20% are in circulation inside US [1], meaning significant portion of that is being used for shadow economy. I am pro cash, but the US could probably print less $100 bills. Of course, there is also other currencies, financial instruments and crypto that can be used instead of $100 bills.
> Maybe in the end it will be better to have this shadow world.
It's hard to tell, but we do know that forcibly trying to remove the shadow economy is extremely tough on normal people while bigger players are already diversified with alternatives (gold, crypto, other currency) to have much impact. See India for recent example [2].
Oh yes absolutely. The number of $100 bills are more than $1 bills and less than 20% are in circulation inside US [1], meaning significant portion of that is being used for shadow economy. I am pro cash, but the US could probably print less $100 bills. Of course, there is also other currencies, financial instruments and crypto that can be used instead of $100 bills.
> Maybe in the end it will be better to have this shadow world.
It's hard to tell, but we do know that forcibly trying to remove the shadow economy is extremely tough on normal people while bigger players are already diversified with alternatives (gold, crypto, other currency) to have much impact. See India for recent example [2].
[1] https://www.washingtonpost.com/business/2019/03/04/there-are...
[2] https://money.cnn.com/2017/01/04/news/india/india-cash-crisi...