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‘You were warned’ – The risks of digitising cash playing out right now
5 hours ago
Michael McLaren takes a look at why Sweden is reversing its race to be the world’s first cashless economy and what Australia needs to learn from their climbdown.
The 2GB and 4BC Afternoons host says the risks are already playing out in Sweden, which is quickly backtracking thanks to Vladimir Putin’s war on Ukraine.
“But then again, haven’t most governments (especially in the West) been equally short-sighted – if not stupid – when it comes to a range of policy decisions taken during an era of peace, open trade, and prosperity,” he says.
Listen to more highlights from Afternoons below:
Image: iStock