Euros & Dollars: The Cash-Free Economy Won’t Last
After 20 years of trying to curb crime by getting rid of cash, the Swedes are beginning to realize that every economy needs cash—and that criminals are good at adjusting to circumstances.
After 20 years of trying to curb crime by getting rid of cash, the Swedes are beginning to realize that every economy needs cash—and that criminals are good at adjusting to circumstances.
The ban comes in the name of crime prevention, but critics say it will harm ordinary citizens.
CBDC is a paradox: it is a money based solely on trust that is structurally set up to destroy that trust. If people lose trust in the currency, the government would lose any control it had over the economy.
Nehammer’s plan, and that of his conservative People’s Party (ÖVP), is being viewed as an attempt to seduce voters away from the FPÖ in the run-up to next year’s parliamentary elections, which, the latest polls say, the FPÖ has a good chance of dominating.
One of the design ideas focuses on cultural heritage. The rest either pander to our individualistic and inflated sense of self-importance through vaguely defined European ‘values’ or pick comfortably neutral topics, such as landscapes or animals.
Meloni justifies the policy change as one that will benefit those of modest means. According to her, electronic payments are accompanied by excessive bank fees that fatten financial institutions at the expense of ordinary citizens.
After Anastasia Kotvitska had been waved through by Ukrainian border officials, Hungarian customs discovered cash amounts of $28 million and €1.3 million, hidden in the suitcases during an inspection March 14.