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Wed, Mar. 21 2012 09:04 AM EDT

Sweden's Cashless Economy and a Potemkin World

By Wallace Henley
There are whole towns now in Sweden where cash is not accepted. Bank robberies are down since there's not much in the till, but cybercrime in Sweden has gone from 3,304 cases in 2000 to 20,000 in 2011. Old age obsolescence is also accelerating. The head of a Swedish retirees' organization said elderly people in the countryside don't have credit cards, and wouldn't know how to use them if they did. (A link to this page will be included in your message. )

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