"...it requires manufacturing resources, storage capacity, fleets of armored vehicles, sometimes also airplanes, and staff."
...and staff.
A good friend of mine, who has quite different views on the fox (it's amazing how *sometimes* different views do not have to wreck a friendship - there's a whole knack to that, but that's a nuther story!), told me the other day why he uses cash at every opportunity.
He said, "well, if I pay in cash *someone* has to count it, *someone* has to store it, *someone* has to lodge it to the bank, and *someone* has to count it again, and transport it, and etc, and that means all those *someone's* stay employed in their jobs. Whereas, if I use a card to pay, the message travels through the pixels, but it does not necessarily keep anyone in a job."
And I thought, well, fair play to you! Well, said!
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branchandroot
Re: Here Come "Programmable Dollars": New York Fed And 12 Banking Giants Launch Digital Dollar Test
Date: 2022-11-17 07:45 pm (UTC)...and staff.
A good friend of mine, who has quite different views on the fox (it's amazing how *sometimes* different views do not have to wreck a friendship - there's a whole knack to that, but that's a nuther story!), told me the other day why he uses cash at every opportunity.
He said, "well, if I pay in cash *someone* has to count it, *someone* has to store it, *someone* has to lodge it to the bank, and *someone* has to count it again, and transport it, and etc, and that means all those *someone's* stay employed in their jobs. Whereas, if I use a card to pay, the message travels through the pixels, but it does not necessarily keep anyone in a job."
And I thought, well, fair play to you! Well, said!