The Curse of Cash Kenneth S. Rogoff Princeton University Press, 2016 . Kenneth Rogoff would sharply disagree with Peale, a character in the 1915 novel It Pays to Advertise, who said that the most beautiful word in the English language is “cash.” For Rogoff, a distinguished monetary economist (and chess grandmaster) who teaches at Harvard, cash, especially in large denominations, ought to be eliminated. Why are the most advertised Gold and Silver coins NOT the best way to invest? Rogoff has two main arguments for his proposal; but, before examining them, let us look at exactly what he wishes to … Continue reading The War on Cash Finds Its General