![](https://assets.realclear.com/images/56/566730_1_.jpeg)
The Premium For Cash Is Presently Enormous May 13, 2022
The premium paid for cash had reached 4% over deposits, an unthinkably huge charge for liquidity. American economist Abram Piatt Andrew Jr. lamented how such a rate hadn’t walloped Britain once since the frightful Napoleonic Wars. France hadn’t witne...