Pro-cash movement warns that people could be losing more than they bargained for
1–10 of 717 posts
Re: Pro-cash movement warns that people could be losing more than they bargained for
#2Re: Pro-cash movement warns that people could be losing more than they bargained for
#3"Paper money" is such a strange expression to use here: it's inaccurate (because coins) and much longer than the obvious word, cash.
Re: Pro-cash movement warns that people could be losing more than they bargained for
#4"Paper money" is such a strange expression to use here: it's inaccurate (because coins) and much longer than the obvious word, cash.
In the context of the WSJ, cash doesn't mean physical currency. It just means dollars, i.e. not treasuries or any other type of asset. Most people would interpret that headline differently -- to the point of it being inaccurate.
[edit: also the wordplay wouldn't work]
Re: Pro-cash movement warns that people could be losing more than they bargained for
#5"Paper money" is such a strange expression to use here: it's inaccurate (because coins) and much longer than the obvious word, cash.
In the context of the WSJ, cash doesn't mean physical currency . It just means dollars, i.e. not treasuries or any other type of asset. Most people would interpret that headline differently -- to the point of it being inaccurate. [edit: also the wordplay wouldn't work]
I'd never heard of that before, interesting, thanks; Rich people speak a foreign language ...
Re: Pro-cash movement warns that people could be losing more than they bargained for
#6Earlier quoted context omitted.
In the context of the WSJ, cash doesn't mean physical currency . It just means dollars, i.e. not treasuries or any other type of asset. Most people would interpret that headline differently -- to the point of it being inaccurate. [edit: also the wordplay wouldn't work]
I'd never heard of that before, interesting, thanks; Rich people speak a foreign language ...
That usage is not unique to rich people.
Re: Pro-cash movement warns that people could be losing more than they bargained for
#7Earlier quoted context omitted.
In the context of the WSJ, cash doesn't mean physical currency . It just means dollars, i.e. not treasuries or any other type of asset. Most people would interpret that headline differently -- to the point of it being inaccurate. [edit: also the wordplay wouldn't work]
I'd never heard of that before, interesting, thanks; Rich people speak a foreign language ...
It’s any investor, not only the rich ones. Typically includes things like very short duration bonds (like t-bills).
Re: Pro-cash movement warns that people could be losing more than they bargained for
#8Earlier quoted context omitted.
In the context of the WSJ, cash doesn't mean physical currency . It just means dollars, i.e. not treasuries or any other type of asset. Most people would interpret that headline differently -- to the point of it being inaccurate. [edit: also the wordplay wouldn't work]
I'd never heard of that before, interesting, thanks; Rich people speak a foreign language ...
It's also used in other contexts, e.g. cash vs. stock compensation (and I wouldn't necessarily call everybody offered that choice "rich" these days).
Re: Pro-cash movement warns that people could be losing more than they bargained for
#9On a recent trip to Europe I didn't take out cash once over 3 weeks across 3 countries. I brought 50 euros with me and that was all I needed! Everything else was just a quick tap of the phone, including every metro system outside of Paris.
My only hesitation to getting rid of cash entirely - how will I buy drugs? I don't gamble illegally or pay for sex, but I imagine those services would also struggle in an increasingly cashless world.
Re: Pro-cash movement warns that people could be losing more than they bargained for
#10Cash is great. Can't be tracked, credit card companies don't get to discriminate against the poor and create negative feedback loop traps that they can't out of, it's easier to be financially responsible with it.
Bit unfortunate too that paying with cash just adds a tax onto the poor since the fees are basically priced into goods sold at stores, typically regardless of whether or not cash is used.
But yeah, nice to have the option to use both!
I also know that credit cards have their advantages, but what are the main benefits of going fully cashless (at the individual and systemic level)? Is it mostly crime related shenanigans?