Came across this on the freakonomics blog
Times article here
Oyster card tastic by the sounds of it.With recovery elusive, a population doddering into old age and perhaps a decade of deflation in prospect, Japan may start mulling the most radical monetary policy of all — the abolition of cash.
They are also considering taxing the use of physical money as a means of avoiding another economic downturn.
I wonder if Japanese folks tend to spend more money more frivolously using plastic rather then cash?
Shut up! Grammatic oil!
Just a sockpuppet for Freud.
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I wonder if thats why they want to ban money. In an attempt to get people to go on ill advised spending sprees...
Shut up! Grammatic oil!
Just a sockpuppet for Freud.
Scottish Skeptics site:The 21st floor
BLOG:And your electron microscope!
JTTRWIOONAS 4 Life!
surely every country will be getting rid of actual cash at some point, why not start now.
poor homeless beggers are pretty fucked if we do
26+6=1
Japan is largely a cash-based economy. It's not like here where you can pay anything on a card, i wonder how that would go down.
Abolish cash & the wages system full stop![]()
Won't somebody please think of the Yakuza!
I'm neither a "glass is half empty" nor a "glass is half full" kinda guy...either way the glass needs topped up!
Apparently 'Western' phones don't work in Japan because they're not advanced enough, which is bizarre. Aye, can't use cards in a lot of places though.
Why? Pubs and clubs seem like the ideal place for electronic payments if they can be processed quickly.
Just hard to imagine paying £1.50 by card. Wouldn't object to it, though
Also have a drunk trying to put in a pin number, on a relatively small keypad
Though if you had a 'club card' () you could check online to see just how much you actually drank. You'd need to find a way to put a limit on your nightly spend too
Not hard to do though, I guess
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