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Tag Archive 'Simon Ramo'


In 1964, futurist told TIME thumbprint economics would be the monetary system

July 31st, 2008

While we aren’t yet using the thumbprint technology in transactions such as buying a home, grocery shopping, or, for that matter, shopping at most any store, it is used for government stuff, as well as used for computing security.

Did Simon Ramo have it all wrong back in November 1964, or was he a little too optimistic for his time? I think it’s the latter. Even in the late 1990s and early this decade, even as late as 2003 or so, I heard people I know dismiss the idea of using debit cards, as well as ATMs, even for cash advances from a credit card. Those same people, though, also were against online shopping.

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