The world is drowning in cash—and it's making us poorer and less safe. In The Curse of Cash, Kenneth S. Rogoff makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of most paper money.
Even as people in advanced economies are using less paper money, there is more cash in circulation—a record $1.4 trillion in U.S. dollars alone. So what is all that cash being used for? The answer is simple: a large part is feeding tax evasion, corruption, terrorism, the drug trade, human trafficking, and the rest of a massive global underground economy.
As Rogoff shows, paper money can also cripple monetary policy. In the aftermath of the recent financial crisis, central banks have been unable to stimulate growth and inflation by cutting interest rates significantly below zero for fear that it would drive investors to abandon treasury bills and stockpile cash.
The Curse of Cash offers a plan for phasing out paper money and addresses the issues the transition will pose, ranging from fears about privacy and price stability to the need to provide subsidized debit cards for the poor.
Blending economic analysis with political drama, EuroTragedy—chosen by both Foreign Affairs and the Financial Times as one of the best books of 2018—is a groundbreaking account of the euro's history and tragic consequences.
‘Bitcoin’ – Most of us sit in one of two camps when it comes to Bitcoin. We’ve either never heard of it or we know a little but don’t truly understand its importance. This audiobook will guide you step-by-step through w...
The End of Money. No more Bills. No more dimes, nickels, and quarters weighing down your pockets. And no more worries about losing your wallet. Because soon, Money, as we know it, will be dead. Killed by Cryptocurrency. Blasted by Bitcoin. That's wh...
The bestselling author of The Death of Money and Currency Wars reveals the global elites' dark effort to hide a coming catastrophe from investors in The Road to Ruin, now a National Bestseller. A drumbeat is sounding among the global elites. ...
In Other Peoples Money And How The Banks Use It, Supreme Court Justice Louis Brandeis denounces corporatism, monopolies, investment bankers, and above all, the total consolidation of American wealth into the hands of a privileged few.
Completely...
On the publication of Andrew Hacker's instant classic and bestselling Two Nations: Black and White, Separate, Hostile, Unequal, Newsweek described him as a "political scientist doing with statistics what Fred Astaire did with hats, canes, and chairs...
A brand-new special edition recording of the first audiobook in the worldwide bestselling trilogy from Suzanne Collins!
In the ruins of a place once known as North America lies the nation of Panem, a shining Capitol surrounded by twelve outlying d...
Milton Friedman demonstrates through historical events the mischief that can result from misunderstanding the monetary system; how, for example, the work of two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan...
A Federal Reserve insider pulls back the curtain on the secretive institution that controls America’s economy After correctly predicting the housing crash of 2008 and quitting her high-ranking Wall Street job, Danielle DiMartino Booth was surp...
