Do you think doing away with cash is a good or bad idea ?

[Cleita]

81. There would always be a need to have to be something to barter with wether you call it cash

or not. Cash is nothing more than a note stating that the Treasury holds that value in assets or so I was told in economics 101. Maybe now that we have gone off the gold standard it isn't even backed by any kind of wealth. However, whether it's lumps of precious metal, shells or even stones, we need something that indicates value in order to trade and do business. Today, no doubt our plastic cards, that give us electronic access to our wealth, will eventually become the new cash of the future.

I don't think we need to necessarily do all our trade in dollars. I believe people can form a cooperative type of economy that within their circle of participants they can exchange a form of note that indicates worth and use it to trade for a type of service. I have belonged in something like this in the past, where I performed a professional service, accounting, in exchange for services from a lawyer, or mechanic, or whatever I needed at the time. No dollars exchanged hands although I did pay taxes on them by claiming I received goods and services of a certain value on my tax returns. Many of my fellow cooperative members did not.