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Cashless Society

Authoritarianism

The Dangers of a “Cashless” Economy

9th October 2023 Patrick Barron 3260 Comments

What Is Legal Money? Before delving into the dangers of eliminating cash and mandating that all transactions be conducted by digital means, let us briefly discuss the legal aspects of money. In the United States, [more…]

Economics

“War on cash” update: A brighter outlook

2nd September 2022 Going Postal 1816 Comments

Central planners and paper pushers of all stripes are not generally known for their acumen or their ability to recognize and successfully seize opportunities in time. They always tend to lag behind more or less [more…]

Economics

War on Cash: EU steps up the fight

15th July 2021 Going Postal 2319 Comments

The prolonged and repeated lockdowns, business closures and travel bans have caused widespread economic devastation and changed the way all of us live, work and interact with each other. These were the most obvious changes [more…]

Business

Italy: The latest front of war on cash

19th January 2021 Going Postal 2645 Comments

Together with Germans and Greeks, Italians have long been the most stubborn and steadfast of Europeans in their love of cash. For years, they have resisted cards and digital payments and viewed with deep suspicion [more…]

Claudio Grass, Going Postal
Authoritarianism

The War On Cash – COVID Edition Part II

25th June 2020 Going Postal 2743 Comments

The digital “toll” It doesn’t require too dark an imagination to realize the gravity of the concerns over the digital yuan. China is a true pioneer when it comes surveillance, censorship and political oppression and [more…]

Claudio Grass, Going Postal
Economics

The War On Cash – COVID Edition Part I

15th June 2020 Going Postal 2322 Comments

The corona crisis has already taken a very high toll and caused deep damage in our societies and our economies, the extent of which is yet to become apparent. We have seen its impact on [more…]

Emile Woolf, Going Postal
Economics

Savings must come first – cash is a mere diversion, part two

31st March 2020 Emile Woolf 3029 Comments

I am writing this in South Africa, where its currency, the rand, provides a useful illustration of the effects of monetary inflation described in Part 1. When I was last here, three years ago, the [more…]

Emile Woolf, Going Postal
Economics

Savings must come first – cash is a mere diversion

26th March 2020 Emile Woolf 3010 Comments

I am typing this in the SAA Business Lounge of Durban airport, awaiting a call to board a flight to Johannesburg, where we are due to take the last flight to London before all international [more…]

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