261. Why Are We Still Using Cash?

Like tens of millions of people, Stephen Dubner thought he had a penicillin allergy. Like the vast majority, he didn’t. This misdiagnosis costs billions of dollars and causes serious health problems, so why hasn’t it been fixed? We find out in this update of a 2025 episode. SOURC ... Show More

Is the oxymoron really “the secret sauce to everything”? That’s the case Ingels makes in this debut episode of our new video show Better in Person, filmed in Stephen Dubner’s living room. If you'd like to see the video version of Better in Person, watch it on YouTube or Apple Pod ... Show More

Stephen Dubner had an idea for a new project. So he drove to Connecticut and knocked on the door of the master. Dubner’s new TV talk show Better in Person launches July 14 on the Freakonomics YouTube channel. SOURCES: Dick Cavett, writer, former talk show host. RESOURCES: Eye on ... Show More

The death of cash has been predicted many times over the years. But in the last decade a future without coins and notes has become a real possibility thanks to the global development and adoption of cashless systems. Some banks in Scandinavia are already refusing to accept or han ... Show More

It seems we are inexorably headed towards a cashless society. It is not uncommon now for some retailers to even refuse cash payments. What are the consequences of this development? Let's talk about it. 

<p>There are few things more futile than trying to count all of the money in the world. Even many governments have no idea how much currency they have issued. But that won't stop Chuck and Josh from trying and explaining why we can't be sure how much money exists and the problems ... Show More

Millions of dollars are stolen from ATMs at the same time in 28 countries. An army of money mules stuff the cash into bags. Do they know who they are really working for? In just over two hours, the thieves take nearly $14 million - all from the accounts of Cosmos Bank in India. T ... Show More

With global impact and domestic dissent, the U.S. Treasury remains one of the world's most impactful institutions. What happens when this institution is compromised? In tonight's episode, the guys explore the harsh reality of successful conspiracies against the United States.They ... Show More

It might sound like the plot of a movie, but economic crime is all around us — from drug trafficking and fraud to cybercrimes, tax evasion and more. Economic crime fighter Hanjo Seibert breaks down the complexities of money laundering and how we can all wield our collective power ... Show More

“…In the rich man’s world.” So sang ABBA and so another generation of young music lovers was corrupted. Obviously that rich man took it from all those who are now poor as a result. By misleading an entire generation into believing that the world is all physical/material, money ... Show More

There's an active series of conspiracies taking place every single year in the United States -- through the practice of eminent domain, local governments can force private property owners to sell their stuff for "the greater good." It gets worse -- through the use of civil asset ... Show More

In trusts we trust? We look at the new game in town: beneficial ownership avoidance, the booming industry in alternative escape vehicles from public registers and why we must shine the spotlight on all of them. Plus: we discuss two big stories we think will define 2017: the race ... Show More