Econimist Ken Rogoff: It’s Time to Reduce Physical Cash
Harvard professor and renowned economist Ken Rogoff has said that to tackle tax evasion and illicit activities the amount of physical cash around the world needs to be reduced. Speaking to CNBC, Rogoff said that cash provided the ideal avenue for tax evasion. He said: The evidence, I think, is overwhelming that that is a lot of the use. I’m trying to find a sweet spot where ordinary people can use it to buy normal sized retail transactions, but it gets used less for tax evasion. Looking at the money in the world, Rogoff says that there is a lot of it around, which are mostly in large....
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Harvard Public Policy professor Kenneth Rogoff might be a world-renowned economist, but he’s dead wrong on banning cash. Or, as he prefers, getting rid of ‘big bills’ like $50s and $100s. Even if his opinions on cash prevail, though, there is one form of cash he can never ban: Bitcoin. Rogoff: ‘Big Bills Are a Curse’. A pioneer of the “cashless society”....
Kenneth Rogoff, the professor of Economics at Harvard, writing in Financial Times, poses the question "Is it time to consider the phasing out of paper money?" Kenneth Rogoff is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard. Any opinion expressed by Rogoff has to be taken extremely seriously as from 2001-2003, he served as Chief Economist and Director of Research at the International Monetary Fund. Rogoff's treatise Foundations of International Macroeconomics (joint with Maurice Obstfeld) is the standard graduate text in the field worldwide, and his....
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....
Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says that central banks won’t allow bitcoin and other cryptocurrencies to become mainstream. “Eventually over the long course of history, the government first regulates and then it appropriates, and I think we can see that happening here,” he warned. Harvard Professor’s Warning About Bitcoin American economist Kenneth Rogoff shared his views on the future of bitcoin, its regulation, and the recent bull run in an interview with CNBC TV18 last week. Rogoff....
Harvard professor Kenneth Rogoff says that he doesn't see Bitcoin succeeding, barring extenuating circumstances. Often touted as a store of value or hedge asset, Bitcoin (BTC) has gained significant mainstream adoption over the past several months. Kenneth Rogoff, a public policy and economics professor at Harvard University, doubts the asset’s success, however. "I can see Bitcoin being used in failed states,” Rogoff said in a Bloomberg interview on Thursday, adding:“It's conceivable, you know, it could have some use in a dystopian future, but I think the governments are not going to allow....