The War on Cash Finds Its General

Starry News - Paradise Post From Taiwan

The War on Cash is a war on anonymity, dignity, privacy, you. The planners want ALL the control. You? You are merely an ant in the great colony the planners think they “run.” Every transaction must be watched, measured, taxed.

(From Mises)

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.

Rogoff has two main arguments for his proposal; but, before examining them, let us look at exactly what he wishes to do. In his suggested plan, which “can be adapted and tweaked in many directions,” “All paper currency is gradually phased out, beginning with all notes of $50 and above (or foreign equivalent)…

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