Monday, September 20, 2010

Sweden considers cashless society

From my friend Kurt, who is against it. This idea sounds like it might have merit, until you consider who would be running (and controlling) it: Government. Look at how they mismanage the Federal Reserve, the Post Office, mortgages, control of our borders, illegal immigration, etc. etc. There is usually hidden corruption and gross incompetence in any government run program, with special favors and payoffs.

Bruce

"If it's impossible to pay cash when you buy stuff, it's also impossible not to leave electronic footprints behind you, and the electronic footprints from what you buy put together can tell the entire story about your life. This can be very sensitive information," Par Strom of the New Welfare Foundation in Stockholm told the BBC. "Most people don't want this total surveillance society."

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