The Curse of Cash

CD - unabridged
Audio (7 discs)
Product Number: DD26803
Released: Sep 07, 2016
Business Term: Purchase
ISBN: #9781515909521
Narrator/s: Barry Abrams
Publisher: Tantor Media, Inc
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Description

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.

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Author(s): Kenneth Rogoff
Narrator(s): Barry Abrams
Product Number Z100117786
Released: Sep 07, 2016
Business Term: Purchase
Publisher: Tantor Media, Inc
ISBN: #9781515929529

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