In my opinion, the two saddest parts of this article are:
But since 1969, the inflationary monetary policy of the Fed has caused the US dollar to depreciate by over 80 percent, so that a $100 note in 2010 possessed a purchasing power of only $16.83 in 1969 dollars. That is less purchasing power than a $20 bill in 1969!
While he gets charged 5 kronor (80¢) for every credit-card transaction, he is prevented by law from passing this on to his customers. In his words, “For them (the banks), this is a very good way to earn a lot of money, that’s what it’s all about. They make huge profits.”
Governments push to eliminate cash because they can monitor and control electronic transactions, while banks favor them because they can charge you for them and make more money off electronic payment processing.
So banks and governments together favor what benefits them, at our expense.