I am against going digital, I believe people have the right to privacy, and therefore #cash. But I think #Rogoff's compromise is a great idea. You tell me: why do non-criminals need access to denominations higher than $10? I don't believe they do.
Yet forcing criminals to deal with such low face-value bills places an extreme hardship on them. Back alley deals with an envelope or briefcase would have to be replaced with scheduled deliveries by 747s and fleets of armored cars. Impractical and very expensive. If you disagree, I'm happy to hear why. Perhaps I'm missing something.
Personally, I'd stay away. I've heard some horror stories from a friend who jumped on this figuring it would be guaranteed income and he said it ended up being a financial nightmare.
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I am against going digital, I believe people have the right to privacy, and therefore #cash. But I think #Rogoff's compromise is a great idea. You tell me: why do non-criminals need access to denominations higher than $10? I don't believe they do.
Yet forcing criminals to deal with such low face-value bills places an extreme hardship on them. Back alley deals with an envelope or briefcase would have to be replaced with scheduled deliveries by 747s and fleets of armored cars. Impractical and very expensive. If you disagree, I'm happy to hear why. Perhaps I'm missing something.
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Why are those ideas so inane? While I don't agree with all, there's certainly some truth here.
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So excited to see you are back @[Tim Richards](user:4879), great article!
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Personally, I'd stay away. I've heard some horror stories from a friend who jumped on this figuring it would be guaranteed income and he said it ended up being a financial nightmare.
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