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Cash helps keep banks in check because people can take their money out of the banking system. If cash is eliminated banks are the only option and we should be
by jcoffland 10y ago
Cash helps keep banks in check because people can take their money out of the banking system. If cash is eliminated banks are the only option and we should be prepared for a Kafkaesque trampling of the little guy. No amount of regulation ever ended corruption. Corruption can only be ended by providing people with a good standard of living and access to quality education.
- gnipgnip 10y ago> access to quality education Indeed. http://www.forbes.com/sites/realspin/2014/11/06/the-problem-with-the-english-language-in-india/ http://www.forbes.com/sites/realspin/2014/11/06/the-problem-...