To fight deflation, abolish cash. Could Japan make reality of ‘science fiction’? – Times Online

This is a great idea – abolish cash entirely – I hope it comes to the U.S. too. Heck, I’d be happy if they just got rid of the penny and the dollar bill!

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.

To fight deflation, abolish cash. Could Japan make reality of ‘science fiction’? – Times Online.

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