How Feasible is a Cash-Less Society? 617
"Think about this: if the cumulative value of everything in the world were expressed in measures of gold, which theoretically backs the majority of world currencies, does enough gold physically exist to back the paper money value, or has the paper money itself become valuable?
And what about this: how is it that the people who depend upon cash are usually in the middle of the financial spectrum, neither the poorest nor the richest? In most extreme poverty situations, transactions are based on barter. For most middle class people and above, transactions involve checks, credit, and electronic fund transfers. For the working poor, most transactions are done in cash. How does all of this add up to the trend toward a cash-less society, where money is nothing more than numbers in a computer transferred from one account to another, to another? How far off is that future?"
This will mean the end of Steak-n-Shake (Score:4, Funny)
I am living in a cash-less society! (Score:5, Funny)
Re:..right with a paper-less office (Score:1, Funny)
Speel chekker NEone? (Score:2, Funny)
n.
1.Abbr. cal.
a.The diameter of the inside of a round cylinder, such as a tube.
b.The diameter of the bore of a firearm, usually shown in hundredths or thousandths of an inch and expressed in writing or print in terms of a decimal
fraction:.45 caliber.
c.The diameter of a large projectile, such as an artillery shell, measured in millimeters or in inches.
2.Degree of worth; quality: a school of high caliber; an executive of low caliber.
Sheesh.
"a theif" of a different "calibur". (Score:3, Funny)
- A.P.
What's the point? (Score:2, Funny)
Re:I am living in a cash-less society! (Score:2, Funny)