Debating cashless economy in Ireland

When is the last time you paid for something in cash? Have you, like us, had the same €20 in your pocket for four months?

The pandemic has made Ireland -- and every other country -- into largely cashless societies. From Apple Pay on your watch to Revolut on your phone, cash has faded away in daily life.

So why aren’t we talking about the obvious next step: ditching bits of paper and scraggly coins altogether?

This is what Adrian discusses with this week’s guest, Stephen Kinsella, Associate Professor of Economics at the University of Limerick's Kemmy Business School and a columnist with The Currency.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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