How smart?

March 13, 2002

Cardboard cards stop Russians drinking

Residents are largely paid for their work not in cash, but in a system of credit specially stamped into cardboard smart cards.

So smart cards are just an expensive way of implementing scrip. No wonder they haven't taken off. Cash shortage a problem? Simply go back to the 19th century US "company town" approach. What's next?

Posted by Andrew Raff at March 13, 2002 12:46 PM