Fight the Banksters with Cash Friday – #SolutionsWatch

scpat says:

Great talk. I enjoy listening to Catherine.

Part of the equation in getting people to pay in cash is A) helping them understand the problems with paying digitally, B) make paying in cash easier/more convenient than digitally and, C) incentivize the use of cash

In regards to point “A”, I’ve heard people say they don’t care about digital privacy, so why bother using cash. So there has to be a continued education of people about, really all the issues discussed on the Corbett Report, to awaken people to the need to use cash.

As for point “B”, I would guess the most common reason people don’t use cash, is convenience and practicality (in their view). They don’t want to carry around a wad of bills. They don’t want to deal with loose change. They don’t want to touch literally dirty money. Credit cards can be stolen but can be canceled by the owner, cash just gets stolen. etc…

And for point “C”, incentivizing the use of cash can go a long way. Gas stations know this. Many have a cash price, and it is always better than the credit price. I personally take full advantage of this.

If their is more knowledge of these issues and how to address them, then we will be more successful in getting people to use cash. But of course, we can all make an impact by just use cash more often or as often as we can.

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