Kenneth Rogoff, with his book, The Curse of Cash, is one of the most outspoken critics of cash. He wants to immediately prohibit use of large bills ($100, $50) and eventually even smaller ones ($20, $10). Graciously, he will leave us with the smallest ones ($1, $5). For very different reasons than he puts forth, I agree with his contention. I, too, oppose the use of U.S. fiat currency. Had Ron Paul become president of our country, and had he appointed me to be in charge of this sort of thing, I would have implements the Rogoff plan, only I … Continue reading Rogoff on Cash
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