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08 January 2017

Anyone heard of the demonetization thing that happened in India? I wrote about it here.[More:]

One problem I faced is that it's hard to make a 'tight' argument about subjective stances but I think I managed to get my points across. (Specifically that I hate this policy, I dislike that financial-tech companies find the cash shortage great, and that this combination of government decisions that play directly into tech business models should be questioned rather than blindly embraced as progress, especially when there's so much collateral damage.)
Huh. I wasn't very aware of this issue.

It reminds me of Greece. In Greece the government traditionally didn't collect taxes. And they have to change that for the EU. So they made it illegal to own more than a certain amount of cash money.
posted by jouke 09 January | 03:47
I'm not very comfortable with that concept either but at least it was probably less of a fiasco than what happened here. My view is that the vast majority of tax evasion (by value) isn't based on petty cash transactions... ie. the accounts revealed in the Panama Papers weren't loaded through suitcases of cash.
posted by Firas 12 January | 11:18
Substantive issues are buried behind more entertaining news such as Donald Trumps sexual kinks.
posted by Obscure Reference 15 January | 09:06
A brass band funeral || Monday question NOT from the Book of Questions

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