Download The Curse of Cash AudioBook Free
The world is drowning in cash - and it's really making us poorer and less safe. In The Curse of Cash, Kenneth S. Rogoff makes a persuasive and interesting case for an idea that until recently would have appeared outlandish: eliminating most newspaper money. Even as people in advanced economies are using less newspaper money, there is more cash in blood flow - a record $1.4 trillion in US dollars together. So what is all that cash being used for? The solution is easy: a large part is nourishing tax evasion, corruption, terrorism, the medicine trade, human being trafficking, and the others of an enormous global underground current economic climate. As Rogoff shows, newspaper money can also cripple financial policy. Inside the aftermath of the recent financial meltdown, central finance institutions have been struggling to stimulate development and inflation by reducing rates of interest significantly below zero for dread that it would drive investors to reject treasury expenses and stockpile cash. The Curse of Cash offers a plan for phasing out newspaper money and addresses the problems the move will pose, which range from fears about privacy and price steadiness to the necessity to provide subsidized debit credit cards for the poor.
