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One of the primary reasons for the push for cash-less societies is for the government being able to put a negative-interest rate on personal savings (for econom
by powertower 10y ago
One of the primary reasons for the push for cash-less societies is for the government being able to put a negative-interest rate on personal savings (for economic and social reasons - none of which are good).
This can't happen if you can take cash out (and to a lesser degree if you can buy gold/silver).
- sheraz 10y agoRight -- preventing a run on the bank when people lose confidence in the system.
- andres_kytt 10y agoGovernment does not meddle with interest rates. Not here, at least
- sheraz 10y agoI don't think that is correct. http://www.telegraph.co.uk/finance/economics/11895084/How-Swedens-negative-interest-rates-experiment-has-turned-economics-on-its-head.html http://www.telegraph.co.uk/finance/economics/11895084/How-Sw...