The curse of cash
by Kenneth S. Rogoff · first published 2016
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The world is drowning in cash--and it's making us poorer and less safe. In The Curse of Cash, Kenneth Rogoff, one of the world's leading economists, makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of most paper money.--Amazon.com
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You would probably like the Economist Kenneth Rogoff and his book "The Curse of Cash": http://press.princeton.edu/titles/10798.html It argues that cash, precious metals, and alternative currencies should be done away with and that we should all become dependent on digital bank accounts…
on “Watch the world currencies flow into BTC in realtime” ↗Or maybe it's a good thing? In The Curse of Cash, economist Kenneth Rogoff (of austerity fame, or infamy) argues against cash, particularly large denomination bank notes and crypto, as accessories to crime, corruption, and tax evasion, and I'm with…
on “Moving from cash to credit cards, PayPal, etc. is an ongoing privacy disaster” ↗…superficial than based on ground realities in India. The comparison with Nigeria also doesn't seem to be correct. For a theoretical perspective on this, please see Kenneth Rogoff's theory on this in the "Curse of Cash"[1] While there might have been implementation challenges, the Indian government did not a do a "cancellation" of the high denomination notes, as claimed in the article. It is at best a "currency swap"…
on “India's Misguided War on Cash” ↗…money the way it's supposed to be — like cash that's really owned outright by its bearers and provides privacy about who spent what where. The former view is for example Kenneth Rogoff's view in The Curse of Cash or maybe the view of the Indian government in demonetizing some large-denomination notes in 2016, while the second is the traditional view of cypherpunks and some libertarians. The disagreements are pretty…
on “First Bitcoin “mixer” penalized for violating anti-money laundering laws” ↗…For a good argument in favor of the move, and for a theoretical perspective on this, even in a developed economy with less paper money %, please see Kenneth Rogoff's blog post and also his book - the "Curse of Cash" (I've not read his book though only his posts and tweets on this) http://blog.press.princeton.edu/2016/11/17/kenneth-rogoff-in...
on “India's Misguided War on Cash” ↗> Kenneth Rogoff, a Harvard economist and author of “The Curse of Cash”, argues that economists are more temperamentally inclined to talk about cutting-edge concepts like QE than the prosaic question of how banknotes are actually produced. “Economists tend to think ‘it’s…
on “Billions of banknotes are missing. Why does nobody care?” ↗