Summary of The End of Money

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The End of Money book summary


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Everyone likes money. Yet few understand what money is or what the implications of governments’ eliminating hard currency and making money completely digital would be. Thanks to credit cards, PayPal, online bill paying and other developments, cash is becoming increasingly passé. Wired editor David Wolman examines all aspects of money to explain why physical currency may be a concept whose time has passed. Though the end of cash may not seem likely at present, getAbstract recommends his take on electronic currency to all those who seek a better understanding of the future direction of money.

In this summary, you will learn

  • What forms money can take,
  • What the disadvantages of physical currency are,
  • Why some people advocate using only digital money and
  • How electronic money can help poor people in developing nations improve their lives.

About the Author

David Wolman is a contributing editor for Wired. A former Fulbright journalism scholar in Japan, he has written for The New York Times, The Wall Street Journal, Time and Nature.



Money Makes the World Go ’Round
Money can take the form of checks, credit cards, computer bits, gift cards and even Disney Dollars. Its most common form is cash: banknotes and coins representing the currency of sovereign nations. Cash has some specific problems. It costs governments money...

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