As our society moves further away from paper currency, we pause to look back at the once predominant form of payment. Its look, its feel and its smell all hold a place in the collective consciousness of our nation's history.
Its presence excites the same parts of our brains that respond to cocaine, and its loss has been the catalyst for everything from suicides and murders to scandals and wars. It’s hard to protect, covered in germs, facilitates crime, and we can't help but love it.
This hour we speak with experts in finance, marketing and psychology about our inexorable love for an arguably outdated symbol of value: cash.
- Kabir Sehgal - Composer, producer, investment banker, financial executive and author of Coined: The Rich Life of Money and How Its History Has Shaped Us
- Scott Rick - Associate Professor of Marketing at the Ross School of Business, University of Michigan
- Kenneth Rogoff - The Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University and author of The Curse of Cash
Colin McEnroe and Chion Wolf contributed to this show, which originally aired on March 23, 2017.