Friday, May 16, 2008
Question I've been pondering recently...mo' money mo' problems edition
Sorry for all of the questions lately...I'll return next week with real actual substance. If you're pining for something, here's this week's column on federal spending.
But I got to thinking...what would you rather live in: A completely cash-free society (credit cards and the like), or a cash-only society (bill and coinage only)? The world we live in now is increasing moving towards a cash-free society-- or at least away from cash-only-- and I, for one, think this is a great convenience. If it were cash-only, going to the ATM to re-up your carrying cash amount would be a pretty frequent occurrence and probably the biggest annoyance, not to mention internet sales would be more of a drag, and paying cash for a car or house might be difficult. I'd choose the former.
Is it feasible to live cash-less? I think so. Toll roads might be tough. Otherwise, I think I could credit card my way through life. When I get back from New York this weekend, I think I'm going to see how many days in a row I can go without paying for anything using cash. Small meals may be the biggest challenge, but most fast food places and small restaurants do take credit cards. I'm fine parking downtown so long as I'm in the garage and there for longer than 6 hours (no coins in meters, $3.00 is the minimum credit card charge).
I'm curious to see how long this can last. Rob, can you price me an over/under?