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The Conversation USA

Why a 'cashless' society would hurt the poor: A lesson from India

  • Written by Dana Kornberg, Ph.D. Candidate in Sociology, University of Michigan
imageA bank official counts discontinued rupee notes. AP Photo/ Anupam Nath

India recently tried to reduce the use of cash in its economy by eliminating, overnight, two of its most widely used bills in what was called demonetization.

While the effort – initially explained as an attempt to curb “black money” – has been a failure in...

Read more: Why a 'cashless' society would hurt the poor: A lesson from India

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