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Maroon Macro: All They Told You About Money Printing is Wrong
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What Is the Real Economy Cash and Bank Deposits?
Casa: Can you give us some percentages of how many transactions, roughly to day, are represented in bank deposits and how many are in cash in any developed economy? Casa: I think it's like one or two trillion dollars inf physical cash, and something like close to li 20 or 22 trillion in bank deposits. But then the actual percentage transactions on that is much, much smaller. So if i had a guess, maybe like maybe one % or two percent, if that, of all transactions in the economy are done with physical cash.
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