Kenneth S Rogoff

James S Henry’s important early approach to dealing with the big bills problem

My new book The Curse of Cash, calls for moving to a “less cash” society by very gradually phasing out big notes. Mention must be made of a closely-related approach due to James S Henry, who put…

A world of difference between less cash and cashless

Some have argued that the costs of cash in crime and tax evasion are a “small price to pay” for civil liberties. Other say we need to keep cash to help with “transaction between consenting adults.” All that is fine but misses the main…

My new book The Curse of Cash has provoked a vigorous debate of transitioning to a “less-cash” albeit not a cashless society. Freakanomics recently did a terrific job of explaining the issues, while an excellent new piece by the New Yorker’s Nathan Heller Imagining a Cashless World explains that the Scandinavian countries are already far along this…