THE FUTURE OF MONEY. There are always new kinds of money….. (link via realclearpolitics)
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As the cartoon in the Harvey household’s bathroom says, “Son, you show me new money and I’ll show you old money that got away.”
As a former cashier, I’d just like to say how much easier “new” money would make things. I take that back, as people are sure to find ways to fuddle up any transaction. I got one of the new American Express Blue cards with an RFID tag in it that lets you just wave the card and not have to press any buttons or sign anything and am loving the gimmickyness of it. I also like my Speedpay key fob. These save me valuable tenths of seconds every day!
Back at Richmond Christian School they would always use any move towards a cashless society as a sure sign the antichrist was on his way.
Saving time! When I was defending antitrust cases involving service stations, I deposed a lot of witnesses about the economics of self service gas stations. I thought in terms of lower prices and lower costs. I remember how surprised I was the first time a witness said that saving time was a big advantage of self service. I had never thought of it.
Something about full service rubs me the wrong way. I thought full service was pretty much dead until I started venturing north on 95 to visit Annalisa and saw how the wonderful state of New Jersey will not let you pump your own gas. What’s worse, the only gas they have is Sunoco. I chuckle contentedly to myself as I view gas lines out of the heyday of the OPEC embargo, having filled my tank as God intended in Maryland.