What are your thoughts on a cash-free society?

2 pointsbrentis3 comments

Especially when considering if the government charged negative interest rates, you'd have no way to escape. #NIRP #BOJ

Basically that - a cashless society offers no means of protection against central banking, and is therefore to be avoided.

The last time the US Government did something similar, they confiscated gold, and for similar reasons.

I am not sure why this is down voted. I agree with the central tenant that putting faith in Central Banks is an INCREDIBLY BAD idea. One that we have been paying for in the U.S. for over 100 years.

Do you mean cash free as in no paper money and coins, or do you mean cash free like super slick trading algorithms in a stunning shared economy that really requires no form of money at all?

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