Firm Control and Money Supply

firm: The financial authorities, who once embraced the trend, are asking banks to keep peddling notes and coins until the government can figure out what going cash-free means for young and old consumers, according to The Toronto Star. The central bank, which predicts cash may fade from Sweden, is testing a digital currency an e-krona to keep firm control of the money supply. But cash is being squeezed out so quickly with half the nation's retailers predicting they will stop accepting bills before 2025 that the government is recalculating the societal costs of a cash-free future. Lawmakers are exploring the fate of online payments and bank accounts if an electrical grid fails or servers are thwarted by power failures, hackers or even war. The decision was made after they realized that fewer than 1 percent of shoppers used cash. An Ikea where managers temporarily decided to go cashless, in Gavle, Sweden. (news.financializer.com). As reported in the news.