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Mark _australia said..Macroscien said.. Business needs to carry your cash to the bank to deposit, count it. For business that is another two hours worth work.
And it used to be free to take cash in to the bank and deposit it
The whole idea was they had our money for a bit and made money from lending it out.
We are so dumb as a society...... we allow them to charge us, to GIVE them money
Indeed. When cashless (and it's onlf a matter of when) the private reserve banks and the puppet strings attached to politicians, will just crank the old interest rate lever to the negative if they want us to spend. They will be called Financial geniuses to... although not one of the tens of thousands of PhD economists around the globe haven't seen the severe crash that comes every 18 years of so.
Classic. And you guys are worried about some gun fodder kid who can't work simple arithmetic in their heads doing a job that AI automation will make redundant in the near future anyway (and a lot of your jobs as well for that matter).
Id be more worried about the over educated PhD cronies whose complex economic modelling is more like magic voodoo than reality... and NEVER, throughout history have predicted economic disaster ...be wary of the over educated not the under.
.... by the way you are talking about year 2/3 primary school maths.
My specialist maths kids would tare most of you so called maths greats (because you can add and subtract simple arithmetic in your simple heads .... good in ya!) new asseholes when it comes to maths. They are far smarter and sophisticated than we ever where at the same age.
They are a heavily distracted and distractable generation though... they have a lot on their plate mentally....
and we created that insanity remember, not them.
And tony abbot ... you are a worry dude.