I have long thought that it would be a great replacement of our tax sytem (I'm in the US) if the government were just allowed to print money.
so that's not exactly money-less, but instead it diminishes.
just like it does already but now without all the overhead.
imagine all the workers that could do something more productive - accountants, tax lawyers, a mass of paperworkers and paper itself.
the downside I see is that once companies no longer HAVE to account for everything, they might not watch the bottom line and get into financial trouble easier. Also since people wouldn't need tax ID nubers anymore it would be harder for government to track and control us.
Other countries may not avoid our currency if in fact the system was such a boon to our economy that the value of the dollar went up rather than down. you never know.
Eric
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