Listener Muhammad Arbaz Khan asks: I usually wonder what would happen if paper money suddenly became obsolete altogether and every transaction was required to be digital.

It Was Then the Era of Paper Money, So That the Great Credits Which Were Created Had no Definite Currency Basis. Share full article. Nov. 3, 1907.

The $5 bill in your wallet. The $20 bill in the cash register. The $100 bill at the bank. You may be using less cash day-to-day, but some $2 trillion of paper currency keeps the economy churning ...

Franklin was a strong advocate of paper currency from the start. For instance, in 1736, he printed a new currency for New Jersey, a service he also provided for Pennsylvania and Delaware.