3 ms·
I think the cash economy is much larger than people just buying drugs. Estimates of the size of shadow economies are between 14% and 22% of GDP in the develope
by analog 14y ago
I think the cash economy is much larger than people just buying drugs.
Estimates of the size of shadow economies are between 14% and 22% of GDP in the developed world. [1] I'm just guessing that's significantly larger than the drug trade.
I disagree about the privacy issues as well, in some countries in Europe people still remember governments using records to round people up.
[1] http://www.voxeu.org/article/shadow-economies-around-world-model-based-estimates http://www.voxeu.org/article/shadow-economies-around-world-m...