Argentina is amidst a potential crisis right now, and one interesting concept I heard was that the only reason it hasnt exploded yet, is that millenials are not

Argentina is amidst a potential crisis right now, and one interesting concept I heard was that the only reason it hasnt exploded yet, is that millenials are not prepared to handle with bank runs. They haven't seen one yet and take attitudes that make it easy for the government to keep its overreach. I cant speak for australia, but if in argentina they made purchases over 10k illegal, it would be impossible to buy property, as they are only made in cash. Yes, lots if not most of money held in cash or similars has some stink, but its a stink made up by the government. I assure you tax evasion explains the vast majority of cash reserves and that is the reason why the government will always try to cruch on cash: to increase its revenues. Privacy is not a legitimate defense, but government overreach is not a legitimate attack. Who would you rather win? They guy that avoided taxes or the government that already taxes 28% of GDP?