News for hackers. Stuff that matters.
Re:Price shocks in formative years scar consumption for life by throwaway894345 on Wednesday June 15, 2022 @05:14PM (#31759563)
What kind of emergency would:

1. leave me with cash

2. not affect the ability of shops, hotels, etc to process those cash payments and render goods and services

3. prevent me from driving to the next town, county, etc

Re:Price shocks in formative years scar consumption for life by lotsofpulp on Wednesday June 15, 2022 @05:46PM (#31759852)
When hurricane sandy rolled through NJ/NYC area, I remember the power being out for 4+ days, and we used cash to buy groceries and fuel.

I also did not have time to drive 1+ hours for supplies, especially when roads were not necessarily cleared of trees and whatnot, and I had elderly to take care of at home.

Also, gas itself was challenging to get with very long lines so driving an hour was not a guarantee to getting it (since everyone else has the same bright idea, you can’t just shift 10M+ vehicles worth of demand overnight to surrounding areas).

Re:Price shocks in formative years scar consumption for life by throwaway894345 on Wednesday June 15, 2022 @08:54PM (#31761361)
I’m surprised gas pumps and everything else still works without power. I guess if you’re effectively tethered to an area that is prone to widespread regional disruptions it makes sense, but that’s a lot more niche than the original “I can’t imagine not having at least a couple hundred dollars in cash…”.
Re:Price shocks in formative years scar consumption for life by lotsofpulp on Thursday June 16, 2022 @07:13AM (#31764673)
I assume they were using generators.