From The Times
June 19, 2009
To fight deflation, abolish cash. Could Japan make reality of 'science fiction'?
http://business.timesonline.co.uk/tol/business/economics/article6531299.ece
Cashless yes, but barter .... not cards - lock them all out.
To counter this ... I submit:
http://freelakotabank.com/index.php (http://freelakotabank.com/index.php)
http://www.dixiedollar.org/ (http://www.dixiedollar.org/)
I'm a fan of both ideas and a fan of competing currencies in our current marketplace; let the people decide who they trust and what they want to use as money. If they made it law that all gold/silver/copper/nickel/whatever coins/bars were now legal tender, I'd wager you would see a flock of people who would prefer to buy/trade/sell using that form of currency.