“Pencil in the phoenix for around 2018, and welcome it when it comes”—The Economist 1988
This week we welcome David Haggith, economic commentator and writer of The Great Recession Blog, for a discussion on the international trend among central banks and governments towards a global cashless society.
Regarded by central banks as a “drag” on their ability to manipulate economies to their liking, cash is being increasingly attacked as an inefficient, costly and even dangerous relic of the past—after all, where would criminals be without it? But once cash is gone, and our ability to rescue our savings from the monolithic digital banking system has gone with it, who will truly have control over our money? (For show notes please visit http://themindrenewed.com)