The Future of Money Hearing Before the Subcommittee On Domestic And Internatio
The Future of Money Hearing Before the Subcommittee On Domestic And Internatio
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So we literally have a financial system which, in its great cre- ativity, has built great products of all kinds, but helping poor con- sumers, or helping any consumers make the decisions about which ones are right for them, there has not been a similar advance in the art. We think that computer technology of the type we have talked about today will help people make sounder financial deci- sions that literally will save them hundreds of dollars a year, and upon things like retirement could make ...a difference of hundreds of thousands of dollars a year. That is, I think, part of the promise of these technologies.
Chairman Castle. Let me thank all of you very, very much. We really appreciate this hearing. I think we are breaking new ground here in terms of hearing about the use of the — I don't like the ex- pression of non-money money. I never liked non-bank banks, so want to be careful about that. [Laughter. ] But the concept of using computer technology in general, the Internet, the stored value cards, the different way of being able to purchase things that we have just not been exposed to before.
What to read after The Future of Money Hearing Before the Subcommittee On Domestic And Internatio?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Banki to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
So we literally have a financial system which, in its great cre- ativity, has built great products of all kinds, but helping poor con- sumers, or helping any consumers make the decisions about which ones are right for them, there has not been a similar advance in the art. We think that computer technology of the type we have talked about today will help people make sounder financial deci- sions that literally will save them hundreds of dollars a year, and upon things like retirement could make ...a difference of hundreds of thousands of dollars a year. That is, I think, part of the promise of these technologies.
Chairman Castle. Let me thank all of you very, very much. We really appreciate this hearing. I think we are breaking new ground here in terms of hearing about the use of the — I don't like the ex- pression of non-money money. I never liked non-bank banks, so want to be careful about that. [Laughter. ] But the concept of using computer technology in general, the Internet, the stored value cards, the different way of being able to purchase things that we have just not been exposed to before.
What to read after The Future of Money Hearing Before the Subcommittee On Domestic And Internatio?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Banki to read onlineMoreLess
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