MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘ban papaer money’

Retailers Rejecting Customers’ Cash As More Ban Paper Money | Zero Hedge

Posted by M. C. on January 4, 2019

Likely those advocating for a “no cash” future will be the same ones pushing for greater surveillance power of the state, as is quickly happening right now in places like China, where its Orwellian ‘Social Credit System’ seeks to abolish any and all private transactions altogether. 

https://www.zerohedge.com/news/2018-12-29/your-cash-not-welcome-more-retailers-banning-paper-money

by Tyler Durden

“Your cash is not wanted here”, a growing number of retailers and restaurants throughout the US and UK are telling customers. But are reasons being given by companies for the new “cashless” approach — speed, efficiency, and the safety of store employees — valid enough to require something as utterly and downright unAmerican as rejecting cash?

We think not, and unfortunately the trend of “cash not welcome here” establishments is growing, to the point that lawmakers are beginning to take note and could introduce legislation barring the practice, as Massachusetts has done already, and as the New Jersey State House could be set to do next. According to a Federal Reserve survey conducted in 2017 cited in The Wall Street Journalcash represented 30% of all transactions in America, with 55% of those being under $10Read the rest of this entry »

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