Comments by "Michael Mayhem" (@michaelmayhem350) on "Eliminating Cash: A Great or Terrible Idea?" video.

  1. Maybe it's because I'm the only commentor with a degree in economics but I think a fully cashless society is a great idea. I also think it will never happen. Even if all businesses go digital there will always be cash as a reserve & of course the shadow market that isn't illegal but deals only in cash as well as the actual illegal black markets. If a countries moves to cashless to try to fight the black market it will just trade in other currencies instead. The chances of every nation deciding to be cashless is essentially zero so a cashless nation won't impede shady dealers.
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