Current:Home > FinanceA cashless cautionary tale-Angel Dreamer Wealth Society D1 Reviews & Insights
A cashless cautionary tale
View Date:2024-12-23 20:25:23
More and more countries around the world are moving away from cash. India's recent announcement that it'll get rid of its highest denomination bill brings back memories of a disastrous experiment to invalidate most of its currency in 2016. But is the country ready for a world with less cash? And what can the rest of the world learn from its experiment.
Today, we tell India's demonetization story and look at the drawbacks of a completely cashless society.
Music by Drop Electric. Find us: Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (78)
Related
- Roy Haynes, Grammy-winning jazz drummer, dies at 99: Reports
- Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison
- Burger King's 'Million Dollar Whopper' finalists: How to try and vote on your favorite
- Reese Witherspoon's Daughter Ava Phillippe Introduces Adorable New Family Member
- Here's what 3 toys were inducted into the National Toy Hall of Fame this year
- Georgia House Democrats shift toward new leaders after limited election gains
- Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plant
- In bizarro world, Tennessee plays better defense, and Georgia's Kirby Smart comes unglued
- Duke basketball vs Kentucky live updates: Highlights, scores, updates from Champions Classic
- 'Survivor' 47, Episode 9: Jeff Probst gave players another shocking twist. Who went home?
Ranking
- We Can Tell You How to Get to Sesame Street—and Even More Secrets About the Beloved Show
- Black, red or dead: How Omaha became a hub for black squirrel scholarship
- J.Crew Outlet Quietly Drops Their Black Friday Deals - Save Up to 70% off Everything, Styles Start at $12
- Eva Longoria calls US 'dystopian' under Trump, has moved with husband and son
- Stop smartphone distractions by creating a focus mode: Video tutorial
- Tesla issues 6th Cybertruck recall this year, with over 2,400 vehicles affected
- College football Week 12 expert picks for every Top 25 game include SEC showdowns
- Joan says 'Yes!' to 'Golden Bachelorette' finale fantasy beach proposal. Who did she pick?
Recommendation
-
Whoopi Goldberg Shares Very Relatable Reason She's Remained on The View
-
Satire publication The Onion acquires Alex Jones' Infowars at auction
-
Skiing legend Lindsey Vonn ends retirement, plans to return to competition
-
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
-
Timothée Chalamet Details How He Transformed Into Bob Dylan for Movie
-
It's Red Cup Day at Starbucks: Here's how to get your holiday cup and cash in on deals
-
Shawn Mendes Confesses He and Camila Cabello Are No Longer the Closest
-
Mean Girls’ Lacey Chabert Details “Full Circle” Reunion With Lindsay Lohan and Amanda Seyfried