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Ireland tried cashless in the 70s with a 6 month bank strike. When cash ran out they survived by using undated cheques (often re-signed multiple times as they
by oldcynic 8y ago
Ireland tried cashless in the 70s with a 6 month bank strike.
When cash ran out they survived by using undated cheques (often re-signed multiple times as they were passed around like notes), and when cheques ran out IOUs and local trust.
https://www.independent.co.uk/voices/comment/we-can-all-get-by-quite-well-without-banks-ireland-managed-to-survive-without-them-10382975.html https://www.independent.co.uk/voices/comment/we-can-all-get-...
- gaius 8y agoOthers take the example of the Irish bank strike as evidence that much of what banks do is a “socially useless activity”. Presumably the author of this piece also feels that since newspapers could be replaced by bloggers they are also socially useless ...?
- oldcynic 8y agoPerhaps. I just skimmed for coverage of the events without a care for their social and political stance. The Independent itself is pretty consistently centrist in outlook.