This Could Be The First Country To Go Cashless... - Page 3

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Author	Replies: 38 / Views: 6,908	Page: of 3

tkbslc Pillar of the Community United States 1158 Posts	Posted 06/18/2015 10:45 am Why are we talking about Andrew Jackson? His extreme fiscal policies nearly collapsed the economy in the late 1830's. I don't think we should care what he would think about our current system. Report this Post to the Staff
jbuck Moderator United States 188952 Posts	Posted 06/18/2015 11:07 am It is probably a good time to gently divert this topic back to its original focus. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
EconBrony Valued Member United States 336 Posts	Posted 06/18/2015 1:44 pm Andrew Jackson, in a way, is related to the topic of a cashless society since he was a champion of the gold standard and honest money. He is also credited with killing the central bank of his time. Many would not consider paying off the debt and returning to specie payments "extreme" fiscal policy (for the times). Something like this would not harm the economy if monetary policy has not taken place. Monetary Policy is what creates the gap between specie and paper. Getting rid of the bank most likely spared the US economy from a much worse recession or one could even argue depression. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 06/18/2015 7:07 pm Quote: He would be dead from future shock long before he could contemplate an alleged abomination. Good one jbuck When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
jbuck Moderator United States 188952 Posts	Posted 10/20/2015 11:57 am And now Sweden... http://www.sciencealert.com/sweden-...less-society http://qz.com/525111/sweden-is-on-i...ty-on-earth/ Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
X2an Pillar of the Community Sweden 1078 Posts	Posted 10/20/2015 12:26 pm Ugh. Tell me about it. For one who uses cash regularly, this is becoming more and more apparent. I can though confirm there's still a long way to go, and people like me can still get around. I haven't got 'Swish', but I'm fully aware what it is (and partially how to use it) but no one close to me uses it. With the launch of new banknotes and soon also coins, I won't quit using cash anytime soon. Another interesting fact they mention is how banks are cashless. There's only ONE main bank that openly handles cash, and they're going to remove cash handling from a bunch of offices this autumn (thus right now). I remember when this all started around 2008-2009 and I think it's very wrong by them to reject cash all together, making it vital to abide to their systems and let them do whatever they want. What if another financial crisis happens? So, Got cash? Then don't come here. Use your card instead. Report this Post to the Staff
jbuck Moderator United States 188952 Posts	Posted 10/20/2015 3:13 pm Thank you for the local perspective. I thought of you when I posted it and was hoping you would comment. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
PacoMartin Valued Member United States 411 Posts	Posted 03/14/2019 11:28 pm I've heard a rumor that SWISH may start charging a nominal fee in Sweden. I suppose it is a system run by private institutions that are entitled to make a profit. Report this Post to the Staff
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