Debates Forum

Debates Forum

  1. Cape Town
    Joined
    14 Apr '05
    Moves
    52945
    12 Feb '16 06:51
    Originally posted by normbenign
    With a cashless society, any and all reality goes poof, and government dictates what the purchasing power of whatever money substitute they authorize is.
    Having a cashless society makes no difference whatsoever to how a country manipulates the value of the currency. Having physical money does not give it any 'reality' that doesn't exist in the virtual money. Reality went 'poof' hundreds of years ago when paper money was invented. Even in the days of gold/copper money governments manipulated value by various means.
  2. The Catbird's Seat
    Joined
    21 Oct '06
    Moves
    2598
    12 Feb '16 13:49
    Originally posted by twhitehead
    Having a cashless society makes no difference whatsoever to how a country manipulates the value of the currency. Having physical money does not give it any 'reality' that doesn't exist in the virtual money. Reality went 'poof' hundreds of years ago when paper money was invented. Even in the days of gold/copper money governments manipulated value by various means.
    All that is at least partially true. That is a problem, and there is no sense in cementing that problem even more so than it already is. We ought to be looking for a solution to the problem rather than fixing it in place.
Back to Top