Why Germans pay cash for almost everything
Why Germans pay cash for almost everything:
As banks, technology giants and would-be disruptors such as Square scrummage over the payment system of the future, German consumers seem perfectly happy with the payment system of the past. Germany remains one of the most cash-intensive advanced economies on earth. On average, wallets in Germany hold nearly twice as much cash—about $123 worth—as those in…
The German word for debt comes from the root word for guilt. Also, a pretty good discussion of ‘everyone’s favorite hyperinflation’.
