The Curse of Cash

The Curse of Cash PDF Author: Kenneth S. Rogoff
Publisher: Princeton University Press
ISBN: 1400888727
Category : Business & Economics
Languages : en
Pages : 318

Book Description
“A brilliant and lucid new book” (John Lanchester, New York Times Magazine) about why paper money and digital currencies lie at the heart of many of the world’s most difficult problems—and their solutions In The Curse of Cash, acclaimed economist and bestselling author Kenneth Rogoff explores the past, present, and future of currency, showing why, contrary to conventional economic wisdom, the regulation of paper bills—and now digital currencies—lies at the heart some of the world’s most difficult problems, but also their potential solutions. When it comes to currency, history shows that the private sector often innovates but eventually the government regulates and appropriates. Using examples ranging from the history of standardized coinage to the development of paper money, Rogoff explains why the cryptocurrency boom will inevitably end with dominant digital currencies created and controlled by governments, regardless of what Bitcoin libertarians want. Advanced countries still urgently need to stem the global flood of large paper bills—the vast majority of which serve no legitimate purpose and only enable tax evasion and other crimes—but cryptocurrencies are like $100 bills on steroids. The Curse of Cash is filled with revealing insights about many of the most pressing issues facing monetary policymakers, from quantitative easing to alternative inflation targeting regimes. It also explains in detail why, if low interest rates persist, the best way to reinvigorate monetary policy is to implement fully effective and unconstrained negative interest rates. Provocative, engaging, and backed by compelling original arguments and evidence, The Curse of Cash has sparked widespread debate and its ideas have moved to the center of financial and policy discussions.

Oil to Cash

Oil to Cash PDF Author: Todd Moss
Publisher: CGD Books
ISBN: 1933286695
Category : Business & Economics
Languages : en
Pages : 190

Book Description
Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.

This Time Is Different

This Time Is Different PDF Author: Carmen M. Reinhart
Publisher: Princeton University Press
ISBN: 1400831725
Category : Business & Economics
Languages : en
Pages : 512

Book Description
The acclaimed New York Times bestselling history of financial crises Throughout history, rich and poor countries alike have been lending, borrowing, crashing, and recovering their way through an extraordinary range of financial crises. Each time, the experts have chimed, “this time is different”—claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents and eight centuries, This Time Is Different presents a comprehensive look at the varieties of financial crises—including government defaults, banking panics, and inflationary spikes—from medieval currency debasements to the subprime mortgage catastrophe. Reinhart and Rogoff provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. A remarkable history of financial folly, This Time Is Different will influence financial and economic thinking and policy for decades to come.

Money Changes Everything

Money Changes Everything PDF Author: William N. Goetzmann
Publisher: Princeton University Press
ISBN: 0691178372
Category : Business & Economics
Languages : en
Pages : 598

Book Description
"[A] magnificent history of money and finance."—New York Times Book Review "Convincingly makes the case that finance is a change-maker of change-makers."—Financial Times In the aftermath of recent financial crises, it's easy to see finance as a wrecking ball: something that destroys fortunes and jobs, and undermines governments and banks. In Money Changes Everything, leading financial historian William Goetzmann argues the exact opposite—that the development of finance has made the growth of civilizations possible. Goetzmann explains that finance is a time machine, a technology that allows us to move value forward and backward through time; and that this innovation has changed the very way we think about and plan for the future. He shows how finance was present at key moments in history: driving the invention of writing in ancient Mesopotamia, spurring the classical civilizations of Greece and Rome to become great empires, determining the rise and fall of dynasties in imperial China, and underwriting the trade expeditions that led Europeans to the New World. He also demonstrates how the apparatus we associate with a modern economy—stock markets, lines of credit, complex financial products, and international trade—were repeatedly developed, forgotten, and reinvented over the course of human history. Exploring the critical role of finance over the millennia, and around the world, Goetzmann details how wondrous financial technologies and institutions—money, bonds, banks, corporations, and more—have helped urban centers to expand and cultures to flourish. And it's not done reshaping our lives, as Goetzmann considers the challenges we face in the future, such as how to use the power of finance to care for an aging and expanding population. Money Changes Everything presents a fascinating look into the way that finance has steered the course of history.

Kenneth S. Rogoff's The Curse of Cash

Kenneth S. Rogoff's The Curse of Cash PDF Author: William J. Luther
Publisher:
ISBN:
Category :
Languages : en
Pages : 3

Book Description
In his recent book, The Curse of Cash, Ken Rogoff makes the case for getting rid of hand-to-hand currency. The argument is relatively straightforward. Cash, according to Rogoff, is largely used to buy and sell illegal goods and services and evade taxes. It also places a lower bound on interest rates, thereby limiting the extent to which the monetary authority can prevent recessions. As such, he argues, we'd be better off without it. Rogoff's work is subtle and sophisticated. He anticipates many counterarguments and heads them off to the extent possible. Nonetheless, I find three major shortcomings in the work: the evidence on the extent to which cash is employed by criminals and tax cheats is flimsy, the net benefits of eliminating crime and tax evasion are overstated, and it is not clear that cash prevents the central bank from conducting effective monetary policy.

The Curse of Cash

The Curse of Cash PDF Author: James Boykin
Publisher: Createspace Independent Publishing Platform
ISBN: 9781977887948
Category :
Languages : en
Pages : 288

Book Description
The Curse of Cash offers a plan for phasing out most paper money while leaving small-denomination bills and coins in circulation indefinitely 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.While phasing out the bulk of paper money will hardly solve the world's problems, it would be a significant step toward addressing a surprising number of very big ones. Provocative, engaging, and backed by compelling original arguments and evidence, The Curse of Cash is certain to spark widespread debate

The Curse of Money, Sex, and Life

The Curse of Money, Sex, and Life PDF Author: Chuckie Parker
Publisher: iUniverse
ISBN: 1469730693
Category : Fiction
Languages : en
Pages : 123

Book Description
Self-storage entrepreneur Stanly Patterson is a womanizer who never thinks that his grass is green enough, that his car is fl ashy enough, or that his business is successful enough. His passion for his wife, Toya, is alive and well, but he just cant seem to stay faithful to her. As he carelessly moves from one affair to another, he has no idea that his deceitful ways are about to catch up with him. After his wifes cousin, Missy, catches him with one of his many flings and tells Toya, she promptly moves out, triggering Stanly to drown his sorrows in a bottle, crash his Mercedes in a ditch, and spend the night in county jail. Desperate to rekindle his marriage, Stanly books a trip to Jamaica with Toya, who is clueless that Stanly has a secret motiveto place a voodoo curse on her cousin, Missy. But after he visits a fly- by-night voodoo master, one bad thing after another happens to him; Stanly soon realizes that he is the victim of his own vengeful ways. The Curse of Money, Sex, and Life shares the tale of one mans dangerous journey to mend his ways and take his life backbefore it is too late.

Money Curse

Money Curse PDF Author: Gabriel Ramirez
Publisher:
ISBN:
Category :
Languages : en
Pages : 58

Book Description
The only "lottery curse" is the curse of stupidity, they say money can't buy happiness, then you do not know where to shop or how to budget. It's been said that if all of the wealth of the world were divided evenly among all people in a few short years, the one with the most wealth before the divide would be wealthy again, and the poor would be deprived still. Wealth is a mindset, not the amount of money. Money doesn't make a person miserable it's the actions of the person with the money that makes them unhappy.
Proudly powered by WordPress | Theme: Rits Blog by Crimson Themes.