Monday, February 20, 2012

It's been an absolutely awesome first week for The End of Money. First the Wall Street Journal ran this essay of mine about the twilight of cash. A few days later I sparred, albeit lightly, with Marketplace's Kai Ryssdal. And this morning I had an hour-long conversation with Dave Miller of OPB's Think Out Loud, which included all kinds of smart challenges to the idea of going cashless. 

Although I tend to think of my book as more of a missive or disquisition, the New America Foundation is calling it "a rallying cry for the anti-cash movement." Not sure what I think of that descriptor, but it's fun to be in the fray. Elsewhere, Gizmodo's fantastically caffeinated and--on Twitter, anyway--obsessively irreverent Mat (one "T") Honan posted this Q & A, and the Portland Tribune published a flattering profile-y piece. If you're looking for a sample-size portion of the book, check out one of the excerpts posted on TheAtlantic.comPopMattersSalon, or The Awl.

Meanwhile, the bookstore gigs kick off tomorrow night with Powell's here in Portland and Elliott Bay Books in Seattle on Thursday. See you there!


Livi O'Donnell said...

David Wolman, "The won was devalued by 100 percent, which meant 1,000 won suddenly had the purchasing power of 10 won. (Imagine waking up to a learn that a slice of pizza costs $250.)"

BZZT! Sorry, the phrase we were looking for was "a factor of 100." "100 percent" is NOT the same thing!

Braddotcom said...

Hi David,

This is somewhat tangential to the posted topic, but I could not find a way to email you on your website or elsewhere.

I just read your piece here:

It raises some questions. First, why should the US "pressure" the DPRK, and to what end?

Secondly, the article asserts that the DPRK is the source of so-called super notes, without offering any evidence in support of that position. Implicit in that assertion is that the DPRK owns a current kba-notasys intaglio printer capable of printing US banknotes. Possession of such a printer is a premise that I am unable to accept without evidence. Suspending disbelief and assuming for discussion that that premise is true, where is the DPRK acquiring the special inks and paper necessary for printing legitimate US currency and super notes?

Finally, the assertion that the DPRK is counterfeiting US currency strikes me as being at odds with that nation's international economic challenges, on the one hand, and the fact that it is a command economy domestically, on the other.

Best regards,

Brad Howard

David Wolman said...

Thanks Livi. Yes, this turn of phrase might be kosher when chatting--and rolling ones eyes--about how the regime robbed its people, but you're correct. We fixed it just after the piece posted.

David Wolman said...

Thanks Brad. For starters, see a book called Moneymakers, by a guy named K. Bender. Then start making some calls to Europol (like Interpol, but for financial crimes). I fact-checked everything in the piece, as always, but there isn't space to provide all those sources in this kind of article. Thanks for reading--and for writing.

Anonymous said...

Ok, I'm just here to suggest an interesting book I wrote recently, there is a part of it where I re-invented the economic system, It's just that I eliminated money, and I wrote that a few years ago. If you are still interested in the subject, you can read it; "Life Reality" is the name. It is free on Smashwords.