Former IMF Economist Declares War On Cash

Former IMF Economist Declares War On Cash by Tho Bishop, Mises Institute The War on Cash continues to gain momentum within the circles of the politically influential. Bloomberg yesterday posted an article on a new book titled The Curse of Cash, written by Kenneth Rogoff former chief economist of the International Monetary Fund and current Harvard University economist. Cash Though the Bloomberg piece unfortunately accepts at face value the weak argument that eliminating cash will make it harder for criminals to operate, it does focus on the real goal of people like Rogoff, to give more power to central bankers: Rogoff…contends that suppressing cash would…