The US should get rid of cash and move to a digital currency

[Doc1]

"
Indian Prime Minister Narendra Modi has already removed 86% of his country's currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.

Should the US follow suit?

Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum's Annual Meeting in Davos.

“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”

The US should get rid of cash and move to a digital currency, says this Nobel Laureate economist

What could POSSIBLY go wrong?

 

[whitehall]

"Digital cash" calls for a system that is immune from digital piracy. India is a relatively closed society and nobody gives a damn about India's alleged problem of tax evasion. The U.S. sets the standard for currency in the entire world. If our own "intelligence agencies "can't stop alleged foreign hacking in the political system how the hell can we trust an economy based on digital currency?

 

[owebo]

Fascist democrats would love that..,,

 

[The Great Goose]

cash jobs saved us in the global financial crisis.

 

[Weatherman2020]

"
Indian Prime Minister Narendra Modi has already removed 86% of his country's currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.

Should the US follow suit?

Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum's Annual Meeting in Davos.

“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”

The US should get rid of cash and move to a digital currency, says this Nobel Laureate economist

What could POSSIBLY go wrong?

What could go wrong?
Outside of a cashless society being prophesized in the Last Days?

2011 Southwest blackout - Wikipedia

 

[Doc1]

"
Indian Prime Minister Narendra Modi has already removed 86% of his country's currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.

Should the US follow suit?

Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum's Annual Meeting in Davos.

“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”

The US should get rid of cash and move to a digital currency, says this Nobel Laureate economist

What could POSSIBLY go wrong?

What could go wrong?
Outside of a cashless society being prophesized in the Last Days?

2011 Southwest blackout - Wikipedia

It was sarcasm.

 

[Weatherman2020]

"
Indian Prime Minister Narendra Modi has already removed 86% of his country's currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.

Should the US follow suit?

Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum's Annual Meeting in Davos.

“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”

The US should get rid of cash and move to a digital currency, says this Nobel Laureate economist

What could POSSIBLY go wrong?

What could go wrong?
Outside of a cashless society being prophesized in the Last Days?

2011 Southwest blackout - Wikipedia

It was sarcasm.

Difficult to tell these days. Like the driverless car fad. When was the last time anyone's computer did what they wanted or didn't hang up for 5 hours straight.

 

[AnCap'n_Murica]

no

 

[yiostheoy]

"
Indian Prime Minister Narendra Modi has already removed 86% of his country's currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.

Should the US follow suit?

Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum's Annual Meeting in Davos.

“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”

The US should get rid of cash and move to a digital currency, says this Nobel Laureate economist

What could POSSIBLY go wrong?

Poor people would always need some kind of coinage so they could continue to panhandle and beg.

 

[Timmy]

HOW am I supposed to pay my bookie ?

 

[owebo]

"
Indian Prime Minister Narendra Modi has already removed 86% of his country's currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.

Should the US follow suit?

Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum's Annual Meeting in Davos.

“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”

The US should get rid of cash and move to a digital currency, says this Nobel Laureate economist

What could POSSIBLY go wrong?

Poor people would always need some kind of coinage so they could continue to panhandle and beg.

Huh??? They take epay on their Obama iPhones here in DC....

 

[Lewdog]

And the old people that don't trust banks... I guess they could just buy gold and silver and hide that instead.

 

[Doc1]

Nobody should trust the banks.