Most journalistic accounts of the new forms of electronic money misleadingly spin the story as the emergence of yet another convenience for the technologically pampered. So what if we can pull out a "smart card" rather than carry coins? Big deal. These new forms of money sound like power windows on cars, or remote control for TV sets. Maybe we'd be better off without these gadgets.
Most journalistic accounts of the new forms of electronic money misleadingly spin the story as the emergence of yet another convenience for the technologically pampered. So what if we can pull out a "smart card" rather than carry coins? Big deal. These new forms of money sound like power windows on cars, or remote control for TV sets. Maybe we'd be better off without these gadgets.