Subject: India's lessons for a cashless future
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Mon, 11 Sep 2017 05:02:37 -0400 (EDT)

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}A daily digest of opinions and analysisWhat the World Can Learn From India’s Cash ExperimentLast November, India suddenly announced that it was voiding all 500-rupee and 1,000-rupee notes — about 86 percent of the country’s currency. Citizens had fewer than two months to exchange some 23 billion bills. While the move failed as an anti-graft measure (its primary purpose), the Bloomberg View editorial board argues it was an instructive natural experiment for people contemplating the end of cash.America’s Self-Defeating Cycle of Floods and Federal AidAs Hurricane Irma continues to batter Florida, policymakers are faced with the urgent task of preventing similar disasters in the future. Historian Stephen Mihm suggests they consider an unfortunate irony: In the name of flood safety, the U.S. government has spent a century encouraging people to move to floodplains.Trump Is Right: Immigration Is Congress’s MessThe president has gotten some flak for punting the future of the DACA program to Congress, but Noah Feldman says critics have missed an important point: The legislature should call the shots on immigration, as the Founders intended. (The alternative is more messes like that ill-fated travel ban.)Uncle Sam Wants You ... to Fight Alongside a Killer RobotThe U.S. military faces plenty of threats today, but it also needs to anticipate problems far, far in the future. To better understand its priorities, Tobin Harshaw speaks with recently departed Deputy Defense Secretary Robert Work, now at the Center for a New American Security, about North Korea’s nukes, Putin’s paranoia, and larger problems looming over the horizonBefore it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsJamie Dimon’s $13 billion secret — revealed (Vanity Fair)Workers: Fear not the robot apocalypse (Wall Street Journal)Dr. Con Man: The fall of a celebrity scientist who fooled almost everyone (The Guardian)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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