Hamilton Island Bans the Root of All Evil: Cold Hard Cash

Published on April 22, 2024

Commentary Hamilton Island, a tropical paradise in the Great Barrier Reef, meticulously managed by the billionaire barons of the Oatley family, have declared an unyielding ban on the supposed root of all evil: cold, hard cash. Perhaps the Oatley family took the island off the market last year with its $1 billion (US$644 million) price tag was because the only bidder could pay in germy paper? (I joke of course.) This speck of splendour in the coral sea, the bastion of the Oatley empire has turned its nose up at cash currency, opting instead for the sterile sanctity of cashless commerce. And why, persist in shunning the lucre?...