In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like ("by forcing people and companies to convert their paper money into bank deposits, the hope is that they can be persuaded (coerced?) to spend that money rather than save it because those deposits will carry considerable costs"), and briefly after we laid out the countless recent warnings from "very serious people" that cash is evil and should be banned:
Read more at Zero Hedge
(Hat tip: KimR)
Monday, February 1, 2016
So It Begins: Bloomberg Op-Ed Calls For An End Of Cash
Labels:
Bloomberg,
cash,
cashless society
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