A truly important aspect of the use of money has been lost or forgotten in the age of credit cards, checking accounts, and other methods of conducting commerce. It is that when one uses unmarked cash for buying and selling, the transaction cannot be traced. The buyer and seller remain anonymous. They are free from peering eyes and snooping agencies, especially those possessed by snooping governments.
The reality is that anonymity in the use of money is an important part of freedom. If you can’t buy or sell what you want without having to reveal who you are or why you are buying or selling, you have been forced to lose your anonymity. Others who might not have your best interests in mind know what you are doing.
Today’s worldwide trend is toward creation of a “cashless society” where all transactions would be accomplished electronically. This would create a record of all monetary transactions that ought to be no one else’s business. Governments and others with access to such records would then know a great deal about everyone’s business, a rather scary consequence being promoted in the name of efficiency. Use of checking accounts, credit and debit cards, etc., should be everyone’s choice, but not the only choice.
As might be expected, the United Nations is one of the chief promoters of doing away with cash. Two of its agencies, the World Food Program and the United Nations Development Program have expressed support for the idea. What this amounts to, of course, is an obvious step toward eventual knowledge of everyone’s previously anonymous conduct of personal affairs. In addition, world planners are backing a program that would have micro-chips placed in everyone’s body to serve as an ID, but also to function as a credit/debit card.
While being promoted in the names of efficiency and safety, the trend toward a cashless society brings to mind George Orwell’s tyrannical Big Brother. He would surely champion the idea.