In a Cashless World, You'd Better Pray the Power Never Goes Out

Mises Institute ^ | 10/10/17 | Ryan McMaken

[RegulatorCountry]

I suggested that already, or a hand cranked charger or a camp stove charger.

My reply was in response to someone insisting that nobody used their cars to charge their phones when I know good and well that a lot of people do that.

[I want the USA back]

Those who advocate cashless can go to hell. It’s nothing more than a way for the government to efficiently take whatever the hell it damned well pleases from those who earn money, and give it to those whose a$$es it kisses in return for votes.

[Oatka]

OK, thanks. Requested it.

[SamAdams76]

The premise of the article is silly. Even if there was no such thing as cashless electronic transactions or credit cards and we were still primarily a cash society, almost nobody is going to maintain a large stash of cash at home, enough to last them weeks or months.

So either way, in a TEOTWAWKI event, as what happened to Puerto Rico, people are going to run out of cash money very quickly. As most people will be in the same boat, alternative methods of payment will be improvised.

[Robert357]

One of the recommendations is that in addition to food, water, and medical supplies, that you have a supply of $20 bills (probably a two to three hundred dollars worth) to allow you to survive after a natural disaster.

The days of 3 days, three ways are over. If there is a big enough disaster many are talking about two weeks before you can count on things working again and that is not in a remote area like an island. While cash might not do anything in the first few days, it will likely help once some of the infrastructure starts coming back on.

[Lazamataz]

The premise is silly on its face.

In a cashless society, all goods and services become cash.

Cash is only a method to harmonize what is, essentially and still, a barter economy.

[Lazamataz]

Abolishing cash, of course, has become de rigueur among mainstream economists who have long argued that physical cash is an impediment to "nontraditional" monetary policy like negative interest rates.

Also nonsense from the 'mainstream' economists.

Negative interest rates are far from nontraditional. They thrive in any deflationary economy.

[Big Red Badger]

Whitley Strieber...

THE UFO GUY?

[Elsie]

In a Cashless World, You'd Better Pray the Power Never Goes Out

At a future date; the 'power' involved will NOT be electricity!

---

And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Revelation 13:17

[Elsie]

A wealthy country, with more advanced and reliable infrastructure, and with greater access to resources in general, is more fully able to weather a shortage of physical cash, and natural disasters.

Easy to say; but just HOW would it work?

[Elsie]

Gotcha a solar power thingy or a hand cranked generator now?

[Elsie]

Alfred E. Neuman works for me.

[dfwgator]

Remember the show, “Connections”?

https://www.youtube.com/watch?v=MPcZ_5uCldg