I am against going digital, I believe people have the right to privacy, and therefore #cash. But I think #Rogoff's compromise is a great idea. You tell me: why do non-criminals need access to denominations higher than $10? I don't believe they do.
Yet forcing criminals to deal with such low face-value bills places an extreme hardship on them. Back alley deals with an envelope or briefcase would have to be replaced with scheduled deliveries by 747s and fleets of armored cars. Impractical and very expensive. If you disagree, I'm happy to hear why. Perhaps I'm missing something.
War On Cash Turns To $20, $50, And $100 Bills
I am against going digital, I believe people have the right to privacy, and therefore #cash. But I think #Rogoff's compromise is a great idea. You tell me: why do non-criminals need access to denominations higher than $10? I don't believe they do.
Yet forcing criminals to deal with such low face-value bills places an extreme hardship on them. Back alley deals with an envelope or briefcase would have to be replaced with scheduled deliveries by 747s and fleets of armored cars. Impractical and very expensive. If you disagree, I'm happy to hear why. Perhaps I'm missing something.