Cost of Paper Money: $200 Billion, Time to Phase Out and Introduce Bitcoin?

Cost of Paper Money: $200 Billion, Time to Phase Out and Introduce Bitcoin?

Kenneth Rogoff, the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University and former Chief Economist at the IMF, recently posed the question about the future of paper money. I reported the academic paper myself last month and the arguments he put forward for Cryptocoinsnews. At that time, I agreed with Rogoff on the technological obsolescence of paper money however I now wish to look at some of the reasons, that society must consider, for holding onto paper money. I have an acquaintance that works as a handyman, he has two prices that he charges per....


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