Towards a Cashless Society

12 December 2016

It is clear that banks and, well, banks, are pushing the cashless society agenda. I for one will gladly submit to going cashless. That is if we are talking about doing away with our fiat paper currency, the Federal Reserve note. How about we replace those notes, not with digital currency (hell no!), but with something tangible, say silver and gold? I wonder what kind of effect that would have on our economy?! It would stop the Federal Reserve (not federal, nor with any “reserves”) from dictating our monetary policy any further, and let the markets naturally control themselves once again. That would be a start.