Here’s How a Cashless Society Will Impact the World

Pluto9999 wrote:

Hi Lew

Although a true “cashless” society would indeed be a hardship, Mr Barnes prediction of everyone actually having to contract electronically is shortsighted, in that he minimizes the power of the free – or in this case – the black market.  Despite the enormous waste of resources to combat the drug trade, it still hums along, avoiding most crackdowns.  In a “cashless” society that same power will be unleashed in providing people with another cash asset – most likely gold – to facilitate transactions.  In fact, in an ironic twist, the state cracking down on cash may finally move us toward a solid non-fiat currency – gold.

Have a great Tax Freedom Day June 12, and thank you for all that you and the Mises Institute do!

The Best of Llewellyn H. Rockwell, Jr.