Current:Home > Contact-usA cashless cautionary tale-DB Wealth Institute B2 Expert Reviews
A cashless cautionary tale
View Date:2024-12-23 22:21:04
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! (18)
Related
- 1 dead, 2 children injured in wrong-way crash; driver suspected of DWI: Reports
- USMNT introduces new head coach Mauricio Pochettino, who will lead team to 2026 World Cup
- Florida law enforcers are investigating the state’s abortion ballot initiative. Here’s what to know
- Kamala Harris gives abortion rights advocates the debate answer they’ve longed for in Philadelphia
- Florida State can't afford to fire Mike Norvell -- and can't afford to keep him
- When do the 2024 WNBA playoffs begin? A look at the format, seedings
- US consumer watchdog finds that school lunch fees are taking a toll on parents
- Horoscopes Today, September 10, 2024
- Cowboys owner Jerry Jones responds to CeeDee Lamb's excuse about curtains at AT&T Stadium
- 'Rocket fuel' in Gulf may propel Francine closer to hurricane status: Live updates
Ranking
- Bohannan requests a recount in Iowa’s close congressional race as GOP wins control of House
- Poverty in the U.S. increased last year, even as incomes rose, Census Bureau says
- Personal assistant convicted of dismembering his boss is sentenced to 40 years to life
- Taylor Swift and Brittany Mahomes hugged. Then the backlash. Here's what it says about us.
- Kansas basketball vs Michigan State live score updates, highlights, how to watch Champions Classic
- Prison guard shortfall makes it harder for inmates to get reprieve from extreme heat, critics say
- Ex-CIA officer who spied for China faces prison time -- and a lifetime of polygraph tests
- Why Raygun is now the top-ranked women's breakdancer in the world
Recommendation
-
What that 'Disclaimer' twist says about the misogyny in all of us
-
Anxiety high as school resumes for some in Georgia district where fatal shooting occurred
-
Flash Sale: 50% Off Kylie Cosmetics High Gloss, Tan-Luxe Drops, Too Faced Lip Liner & $8.50 Ulta Deals
-
Attorney for police officer involved in Tyreek Hill case speaks out
-
What Happened to Kevin Costner’s Yellowstone Character? John Dutton’s Fate Revealed
-
EPA says Vermont fails to comply with Clean Water Act through inadequate regulation of some farms
-
Flash flood sweeps away hamlet as Vietnam’s storm toll rises to 155 dead
-
Judge orders former NFL star Adrian Peterson to turn over assets to pay $12M debt