Wednesday, 17 August 2016

The Economist explains: Why some economists want to get rid of cash | The Economist

xxx

The anonymity problem can in part be solved by retaining smaller notes and coins; enough for punters to keep buying porn, weed and birthday presents, but not so much as to buy property. The point about financial exclusion is trickier. In a near-cashless world vulnerable groups, such as the poor, the elderly and migrants, could become further marginalised, and those who are especially cash-dependent for income, such as churches, charities and the homeless, could expect to see a drop in their incomes.

From The Economist explains: Why some economists want to get rid of cash | The Economist

xxx

No comments:

Post a Comment