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| Economy | |
| One of Harvard's Best and Brightest proposes negative money | |
| 2014-12-06 | |
Harvard economist Kenneth Rogoff argues in the daily paper FAZ that cash currency should be banned altogether. Central banks could impose negative interest rates more easily that way, he explained. Tax evaders and criminals would also find life more difficult. From this perspective, banknotes and coins appear superfluous, he said at a presentation at the IFO institute in Munich. Measures to spur the economy could be implemented more easily that way.
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| Posted by:Anguper Hupomosing9418 |
| #6 I'm suspicious of anyone or anything coming out of Harvard. |
| Posted by: JohnQC 2014-12-06 12:58 |
| #5 Banning personal trade, and issuing penalties for saving state allowed credits? Its not just a control freak, it is systematic implemented looting and enslavement. Kenny is a slave raider with a fancy hat. |
| Posted by: swksvolFF 2014-12-06 11:18 |
| #4 There would be no need for special personal donations once The People own everything and political class is replaced by the managing class. |
| Posted by: g(r)omgoru 2014-12-06 03:50 |
| #3 An all electronic economy would last just until the first really good hack... This kind of bright idea comes up periodically. But if it were cash-free, that is to say, entirely on the record, how could those special personal donations to special politicians be done? |
| Posted by: trailing wife 2014-12-06 03:35 |
| #2 F*cking control freaks. |
| Posted by: g(r)omgoru 2014-12-06 03:07 |
| #1 Apparently, I'm a economic thought leader... |
| Posted by: Skidmark 2014-12-06 03:04 |