By David Tulis
Local economy is safe. Local economy is paying cash to people you know.
National economy is not safe. Its chain stores swipe your plastic card into a reader and set you up for unwanted excitement. Thirteen million people a year are victims of identity theft.
A cash economy is local, personal and private. Cash doesn’t create an online data stream about your commercial relationship. It doesn’t operate on a high-tech platform susceptible to hackers and the third-party snoop. Cash works. It’s simple. It registers immediately when changing hands. No kite tail in the accounting.
Currency is a friend of local economy. Credit cards are an enemy. A 19-minute chat with Jim Winsett of BBB of Chattanooga.