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.
About the Editor
James Dorn is Cato’s vice president for academic affairs, editor of the Cato Journal and director of Cato’s annual monetary conference.