The latest edition of Monopoly has replaced classic elements, including paper money, with a mobile banking app, transforming how players engage with the game. While some lament the loss of tactile interaction, Professor Justin Wolfers argues that digital payments are secure and convenient, reflecting modern economic behaviors. He asserts that the shift away from cash is logical, as today's youth are less familiar with physical currency. The move could redefine family and friendship interactions traditionally fostered by board games.
"Paper money is the past. It's inconvenient, dirty, insecure, aids tax evasion, and does nothing that Venmo can't. My students don't use cash, so they don't understand that part of the game anyway."
"Digital payments are secure; they leave a paper trail, and when I go for a swim at the beach, I don't have to worry that someone will nick a twenty-dollar bill from my flip flops."
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