Post
Topic
Board Economics
Re: Venezuela Is Now More Than 50% Dollarized, Study Finds
by
alyssa85
on 21/01/2020, 14:14:34 UTC
You really need physical cash when there's a crisis, and there's no getting around that fact.

Yes.

And that makes me feel that the push for "cashless" societies is really dangerous. Fiat needs to exist, and it needs to exist in cash form just as a backup in case there was an emergency.

Emergencies can occur in wealthy countries too - like if a hostile nation attacked the electricity grid.