How a Cashless Society Could Embolden Big Brother

When money becomes information, it can inform on you.

In 2014, Cass Sunstein—one-time “regulatory czar” for the Obama administration—wrote an op-ed advocating for a cashless society, on the grounds that it would reduce street crime. His reasoning? A new study had found an apparent causal relationship between the implementation of the Electronic Benefit Transfer system for welfare benefits, and a drop in crime.

  • G

    buy gold & silver.

    • simus1

      And rice, lots of rice.

  • Brett_McS

    Although, for internal political reasons, BitCoin is having troubles, something like that – non-state money – is the future, as all the states eventually inflate their own currencies into oblivion (and the US dollar will go that way too, once it stops being the international standard of exchange).

  • V10_Rob

    Funny, they never seemed that concerned about crime, until they wanted control over every penny…

    • Olgahgerman1

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  • Dana Garcia

    Scary how fast it’s happening.