Post by CassandraW on Nov 17, 2016 11:06:19 GMT -5
Gaah, I hope the notion of banning cash doesn't lead anywhere, honestly. I use credit/debit cards for most stuff. But I like using cash for other things. Little venders, esp., e.g., at street fairs would probably be screwed if cash were eliminated.
Having been through a couple of blackouts and 9/11 here in NYC -- sometimes having a bit of cash on hand is essential. Networks went down, we couldn't use credit cards -- but we still needed things.
Even if I don't expect to need to pay for anything, I always have a bit tucked on my person -- and a reasonable amount in the house -- just in case. I've often been glad I did.
I'll leave it to Don to expound on why having an electronic paper trail of all purchases might not be desirable. Hell, I don't really have anything in particular to hide, but I still don't like the idea.
Last Edit: Nov 17, 2016 11:22:58 GMT -5 by CassandraW
Here's the NYT opinion in April. I predict a cashless society sometime after people stop cooking their books, buying illegal products, availing themselves of illegal or grey market services (think unlicensed lawn guy,strictly cash), and spending money on things they don't want their spouse to know about. Until then, cash is still king.
____________________________________________________ Economics puts parameters on people’s utopias. ~Peter Boettke "It's the voter's fault" is victim-blaming in its purest sense. ~Don The 'social contract' is to the politician what 'original sin' is to the priest. ~Don The vision of the helpful and protective state is the most pervasive and counter-productive ideology in the world today. ~Don ____________________________________________________