Fletcher in the News

What is the True Cost of Cash? Dean Bhaskar Chakravorti Weighs In

Bhaskar Chakravorti is a Senior Associate Dean at The Fletcher School of Law and Diplomacy, Tufts University.

Innovation Hub 1/12/13: The Future of Cash

Guests:

  • Bhaskar Chakravorti: senior associate dean at the Tufts Fletcher School
  • David Wolman: author of The End of Money
  • James Lyne: director of technology strategy at Sophos

How much money do you have in your wallet right now? For more and more of us, the answer is none.

Cash, as it turns out, has some downsides: it can be easily counterfeited, often carries germs, and even transports traces of cocaine. Plus, there are a lot of purchases you simply can’t make with cash today, from downloading a song to buying a plane ticket — and the transition from paper dollars to plastic and apps isn’t likely to subside.

Tune in to the conversation