Cashless
04/29/2018 / By David Williams
Sweden reveals why a “cashless” society may not be such a good idea after all
Is it possible for a society to function properly without the use of any cash? Sweden could have the answer to this question and more, as the country has had a good run of using digital payment systems so far, and many Swedish establishments have helped cashless payment methods almost become status quo. In a […]
10/14/2017 / By News Editors
In a Cashless World, You’d Better Pray the Power Never Goes Out
When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it. (Article by Ryan McMaken republished from Mises.org) Bloomberg reported yesterday that the Fed was forced to fly a planeload of cash to the Island to help avert disaster: William Dudley, the New York Fed president, […]
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