Tuesday, 22 November 2016

Blogoff - The Curse of Cash - Philosophy of Money

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What I expect most non-economists reading The Curse of Cash are confounded by is not the idea of abolishing physical notes and coins – on many levels this is appealing, particularly its consequences for criminal activity. No, what’s bizarre is his insistence on charging negative interest rates on cash to stimulate demand under deflation.

From Blogoff - The Curse of Cash - Philosophy of Money

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