OK. We are moving to the end of the year and I am still running this blog.  I do wonder as I write this story whether I have real support for the conversations I have started.  Now is the time to ask the hard questions. Does this blog resonate?  Does  this conversation mean that you agree or disagree? Are you finding the concepts confrontational?  What is analogue (cash) or digital (not cash)?

So much of the time I get no response. Really?

Are we so embedded with certain processes that we cannot make a call?

Let me ask about India?

The Indian PM recently made a call to withdraw all high denomination notes from circulation, overnight!  How cool is that? He said to all the crooks, the currency manipulators, the black market,  the corrupting industries such as construction, that from this point forward India would be corruption free. And guess what?  He ripped out of the economy a whole lot of cash!. About 30% worth! That is the right way forward.

So I think the PM of India had the right idea. And I think the leaders of all the countries of the world should follow suit. And that being the case, they all would fix the problem about revenue being considerably lower than expected. And as a consequence, we all would be better off as the revenue would be higher and the economy would be better, because all taxpayers would end up paying what they owed. How easy is that?

How nice to be an economist!

Rob