The Curse of Cash

By: Kenneth S. Rogoff

Narrated by: Barry Abrams

The world is drowning in cash - and it's making us poorer and less safe. In The Curse of Cash, Kenneth S. Rogoff makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of most paper money.

Even as people in advanced economies are using less paper money, there is more cash in circulation - a record $1.4 trillion in US dollars alone. So what is all that cash being used for? The answer is simple: a large part is feeding tax evasion, corruption, terrorism, the drug trade, human trafficking, and the rest of a massive global underground economy.

As Rogoff shows, paper money can also cripple monetary policy. In the aftermath of the recent financial crisis, central banks have been unable to stimulate growth and inflation by cutting interest rates significantly below zero for fear that it would drive investors to abandon treasury bills and stockpile cash.

The Curse of Cash offers a plan for phasing out paper money and addresses the issues the transition will pose, ranging from fears about privacy and price stability to the need to provide subsidized debit cards for the poor.

©2016 Kenneth S. Rogoff (P)2016 Tantor

Rogoff is never wrong!

ideologically speaking, this book is as much about negative interest rate policy as it is about removing large denomination bills. this book is extremely relevant. everyone should understand that rogoff is a very influential person on this planet. he understands policy from a government's point of view. read it, at least so you're not surprised about the way of the future unfolds, and preparation for opportunities that will arise. good luck!

A synopsis on various currency policies.

As a layman I do not agree with all the assertions put forth here but I do now to the obvious depth of knowledge presented within. During these modern times of currency exchanges and the growing popularity of crypto currencies. It is nearly a foredrawn conclusion that governments will soon switch to either a two currency model i.e. the Kubla Khan model for the short term, or a strictly digital currency platform going into the foreseeable future with sound arguments to support said.

BORING

The narration is terrible. Listen to the Ted talk recap if you want to hear everything about this book inside of 10 minutes.

Just propaganda

More nwo propaganda against personal freedom and liberty a better book is the creature from jeckle island

this book could have been a term paper.

author makes the same point over and over, supported by an imbalance of opinion and assumption rather than actual fact.