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a cashless society couldn't function because there would be no method for effectively allocating scarce resources I'd put it slightly differently. We need a me
by lotsofmangos 13y ago
a cashless society couldn't function because there would be no method for effectively allocating scarce resources
I'd put it slightly differently. We need a method for the allocation of scarce resources and money is the one we have developed that has the least transactional overhead, and any methods that seek to replace it not only needs to look at achieving a better allocation, but also needs to be able to do it with less overhead or else you lose any benefits gained.