EP 107: Abolish Money

Patrick and Dennis play a large and rambling thought experiment of what would America look like without pennies, paper currency, and a national bank card.  Would the IRS have too much power?  What about homeless people?  Do only terrorists, drug dealers, and white collar fraudsters use big bills?  Is cryptocurrency the solution?

Show Notes

Penny Debate

National ID card Debate

Europe Bans 500 Dollar Bill

This Harvard economist says it’s time to abolish $100, $50, and $20 bills

How a Cashless Society Could Embolden Big Brother

A brief attempt at explaining the madness of cryptocurrency

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s