The information revolution has changed the lives of many.
Instead of making expensive long-distance phone calls, people can
now converse by e-mail for pennies, and instead of having to go to
physical locations such as libraries to gather information, we can
now use the World Wide Web to find what we need. The changes have
already been extraordinary and promise to be even greater in the
future. The book, edited by Dorn, contains an introductory essay by
the editor, 16 papers that were presented at Cato's 14th Annual
Monetary Conference on May 23, 1996, and 2 new essays, one by
Federal Reserve chairman Alan Greenspan and one by Lawrence Gasman,
former director of telecommunications and technology studies at the
Cato Institute. Contributors examine the regulatory climate; the
impact of e-money on taxation, banking, and monetary policy; and
the problem of maintaining privacy in the new monetary
universe.
