Cold, hard cash has a certain cache. A hoard of it allows people to do big things, whether wise or foolish. A lack of it causes pain, often widespread pain. Nevertheless, in this age of cyber-security breaches, cash has an advantage over other forms of payment.
Here’s a look at the pluses and minuses of cash in our economy today:
1. Bountiful corporate cash propels mergers and aids the stock market. But in the long run, it could lead to bad deals that crash and burn.