3 ms·
Silly Australians, you just have to make cash socially unacceptable. Make cashless attractive for key businesses (rent, utilities, groceries, the popular thing
by bserge 5y ago
Silly Australians, you just have to make cash socially unacceptable.
Make cashless attractive for key businesses (rent, utilities, groceries, the popular things), make cards attractive for consumers and soon enough those paying in cash are automatically assumed to be drug dealers or worse.
Then reduce the number of available banknotes, reduce the maximum denomination and implement whatever tracking you want.
Just don't do it too soon like Germany or people will cling on to their cash. Not that it helps them much.
- bbarnett 5y agoThe long game is similar. Canada withdrew the 10k, then late 1k and 500 dollar notes. Now the $100, is worth what a $20 was, 35 years ago. Eventually it will be worth $5. With inflation, and time (the long game), all you have to do is wait. You'll need a duffel bag of hard currency, just to buy groceries.