Is Cash Trash?
The Fed believes being predictable is more important than being reactive.
I know a guy who for 20 years stashed cash in a safe in his basement.
A family friend, he made it a point at social gatherings to let everyone know how smart he was and how there was *no risk*.
One year, a pipe bursts and his basement is completely flooded.
The stacks of cash were *completely ruined* -no bank would take his money.