COVID19 Kills Cash Too

COVID19 Kills Cash Too

A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over its lifetime, could be a vector for the coronavirus. Public officials and health experts have said the risk of transferring the virus person-to-person through the use of banknotes is low, but they don't rule it out. While it is of course eminently sensible to avoid every possible source of Covid 19 contamination, the consequences of a cashless society inevitably hit hard the credit-poor, those who can least afford it. 'And the cashless society', says Brett Scott, is a euphemism for the "ask-your-banks-for-permission-to-pay society". Rather than an exchange occurring directly between the hotel and me, it takes the form of a "have your people talk to my people" affair. Various intermediaries message one another to arrange an exchange between our respective banks. That may be a convenient option, but in a cashless society it would no longer be an option at all. You'd have no choice but to conform to the intermediaries' automated bureaucracy, giving them a lot of power, and a lot of data about the micro-texture of your economic life.

Episoder(99)

Revisiting T R Reid in the Age of Coronavirus

Revisiting T R Reid in the Age of Coronavirus

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RGB's SCOTUS Replacement as The Apotheosis of 'Religious Nationalism'

Claudia Cragg @claudiacragg speaks here with Katherine Stewart @kathsstewart about her book, 'The Power Worshippers: Inside the Dangerous Rise of Religious Nationalism.' With a sad nation still mourni...

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Claudia Cragg @claudiacragg speaks here with Kyathi Joshi @profkjoshi about her book 'White Christian Privilege: The Illusion of Religious Equality in America.' The United States is recognized as the ...

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How Did China Get The Better of COVID19 and Why Can't We?

Claudia Cragg @claudiacragg speaks here with Peter Hessler @peterhessler. @NewYorker For @KGNU we discuss here what may be learned from how China managed and appears to have controlled #Coronavirus. #...

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@claudiacragg speaks here with @motazhmatar about his new book, The Pigeon Whispeer. It is a magical book which, nevertheless, raises such important issues such as hope, hopelessness, belonging, war, ...

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Dr Carolyn L. White, The Virtual Burning Man Still Has Many Life Lessons for All

Dr Carolyn L. White, The Virtual Burning Man Still Has Many Life Lessons for All

@claudiacragg speaks here for @KGNU with archeologist Dr. Carolyn White who, for over a decade, has been studying The #BurningMan and its California location. Her studies continue this year even thoug...

27 Aug 202028min

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To Avoid the COVID19 Education Slide, Become a Tiger Parent?

@claudiacragg speaks here for @KGNU with Pawan Dhingra, @phdhingra1 author of Hyper Education Why Good Schools, Good Grades, and Good Behavior Are Not Enough? In this book, Dr. Dhingra offers an up-cl...

20 Aug 202024min

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Start Ups, Says Brad Feld, More Important Now Than Ever

Claudia Cragg speaks here for @KGNU #ItsTheEconomy with Brad Feld @bfeld. He has been an early stage investor and entrepreneur since 1987. Prior to co-founding Foundry Group, he co-founded Mobius Vent...

13 Aug 202027min

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