Fletcher in the News

Rethinking Dollars and Cents: Dean Chakravorti on the Cost Of Cash

Bhaskar Chakravorti is a Senior Associate Dean at The Fletcher School of Law and Diplomacy, Tufts University.

How much money do you have in your wallet right now? For more and more of us, the answer is none.

As people around the world turn to electronic forms of payment, Kara Miller looks at the future of cash on Boston Public Radio.

Cash, as it turns out, has some downsides: it can be easily counterfeited, often carries germs, and even transports traces of cocaine. And then there may be the biggest question of all: Does cash cost you money? Are the funds that we use to print up bills and mint coins excessive? And are we entering a new era of currency?

GUESTS:

  • Bhaskar Chakravorti: senior associate dean at the Tufts Fletcher School, which conducted a Cost of Cash study
  • David Wolman: author of The End of Money
  • James Lyne: director of technology strategy at Sophos