THE CURSE OF CASH by Kenneth S Rogoff (epub)(Nonfiction)
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The Curse of Cash by Kenneth S. Rogoff (ePub) (Nonfiction)
Author: Kenneth S. Rogoff
Publication Date: September 6, 2016
Length: 248 pages
Genre: Nonfiction, Economics, Finance, Monetary Policy
The Curse of Cash argues for the elimination of large-denomination paper currency to combat crime, tax evasion, and to enable more effective monetary policy like negative interest rates. Renowned economist Kenneth Rogoff presents a meticulously researched case that the social harms of cash—such as facilitating illegal activities and thwarting central bank policies—far outweigh its benefits. Drawing from history and modern finance, Rogoff explores the evolution of money, the rise of digital currencies, and the challenges to phasing out physical cash in a changing world dominated by surveillance and electronic payments.