A comeback for greenbacks
Bucks, folding money, breadwhatever you call it, cash is making a comeback. Like a reformed smoker finishing his last pack; American consumers are putting away the plastic. Many stores now provide cash discounts, and the Government is worried about shortages of coins and currency.
The "back to basics" movement in money was spurred by Jimmy Carter's admonition to the public in March to cut down on credit purchases, and the Federal Reserve's subsequent credit restrictions. Though the Administration has now changed its mind, consumers had begun their own austerity programs. The share of people's disposable income going to installment...
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