Post by Eric Gajewski on Oct 16, 2017 16:02:50 GMT
Tradcatknight: In a Cashless World, You’d Better Pray the Power Never Goes Out
Certainly, abolishing cash is likely to devastate a poor economy more than a wealthy one. A wealthy country, with more advanced and reliable infrastructure, and with greater access to resources in general, is more fully able to weather a shortage of physical cash, and natural disasters. Overall, though, going cashless makes an economy more fragile, and makes ordinary people sitting ducks whenever there is a natural disaster, or even worse disruptions such as wars.
tradcatknight.blogspot.com/2017/10/in-cashless-world-youd-better-pray.html
Certainly, abolishing cash is likely to devastate a poor economy more than a wealthy one. A wealthy country, with more advanced and reliable infrastructure, and with greater access to resources in general, is more fully able to weather a shortage of physical cash, and natural disasters. Overall, though, going cashless makes an economy more fragile, and makes ordinary people sitting ducks whenever there is a natural disaster, or even worse disruptions such as wars.
tradcatknight.blogspot.com/2017/10/in-cashless-world-youd-better-pray.html