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I disagree with the entire premise; but that's not why I posted. I take issue with the deliberate obfuscation employed. Rather than dealing with the elephant i
by stegosaurus 12y ago
I disagree with the entire premise; but that's not why I posted.
I take issue with the deliberate obfuscation employed. Rather than dealing with the elephant in the room (a cashless society is one in which commercial banks have far greater power than they do today), he says things like "resistant to change".
The point is that he is not elucidating the downsides fairly and honestly.
- harryh 12y agoWillem Buiter's statements were made in a research piece for an educated audience. He made certain assumptions about what the audience already knew. It wasn't an essay meant for uninterpreted consumption by the general public.