Economics Explained

Why Becoming A Cashless Society Is A Terrible Idea

Sep 8, 2020
This podcast explores the advantages and drawbacks of a cashless society, including higher prices and limited control over exchange. It also discusses the concerns of payment providers, government control, privacy, impact on the black market, and restrictions on the economy.
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Episode notes
1
Introduction
00:00 • 3min
2
Exploring the Pros and Cons of a Cashless Society
02:36 • 6min
3
The Challenges of a Cashless Society and China's Digital Payment Dominance
08:35 • 3min
4
The Problems and Concerns of a Cashless Society
11:41 • 6min