The War on Cash Finds Its General

Kenneth Rogoff would sharply disagree with Peale, a character in the 1915 novel ‘It Pays to Advertise’, who said that the most beautiful word in the English language is “cash.”

For Rogoff, a distinguished monetary economist (and chess grandmaster) who teaches at Harvard, cash, especially in large denominations, ought to be eliminated.

Rogoff has two main arguments for his proposal; but, before examining them, let us look at exactly what he wishes to do.

In his suggested plan, which “can be adapted and tweaked in many directions,” “All paper currency is gradually phased out, beginning with all notes of $50 and above (or foreign equivalent), then next the $20 bill, leaving only $1, $5, and (perhaps) $10 bills. … The government provides all individuals the option of access to free basic-function debit card/smartphone accounts, either through banks or through a government option. … Regulatory and legal framework aims to discourage other means of making large-scale payments that can be completely hidden from the government. … Government helps facilitate … real-time clearing for most transactions.”

One word reverberates throughout this proposal: “government.”

Source: The War on Cash Finds Its General


"There is no Left or Right. There is only Tyranny and Freedom."

Tagged with: , , , , , , , , , , ,
Posted in america, current events, freedom, government, liberty, life, news, random, real news, truth, uncategorized
3 comments on “The War on Cash Finds Its General
  1. Reblogged this on Thoughts and Ideas and commented:
    NEWS you can USE!!

    Liked by 1 person

  2. Let’s face it, it is all about CONTROL….
    Taking away a means of “self” control, puts you in someone elses control.
    Government, really a corprotocracy, a form of corporate aristocracy through government control, wants a good flock of sheep. How better to “fence you in” than controlling more completely your freedom?
    I think of the character in the movie “Silence if the Lambs”….. You know the guy (played by Ted Levine) who controls women for their skin so he can make clothes out of them? Remember when the subject doesn’t comply?

    Things are getting REALLY wonky with the restless natives (us!) And more than us. Control is slipping….

    We’ve seen the Emperor, “he” has no clothes….

    Have a NICE day!! 🙂

    Liked by 1 person

Comments are closed.

Just look at us. Everything is backwards, everything is upside down. Doctors destroy health, lawyers destroy justice, psychiatrists destroy minds, scientists destroy truth, major media destroys information, religions destroy spirituality and governments destroy freedom.

Michael Ellner

If the freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter.

George Washington

A well regulated militia, being necessary to the security of a free State, the right of the people to keep and bear arms, shall not be infringed.
I'm Gonna Kick Your Ass!
The United States has been declared under martial law. All constitutional rights have been suspended. Anyone interfering with the collection of urine samples will be shot. Anyone failing to attend morning school prayer will be shot. The number one enemy of progress is questions. National security is more important than individual rights. Sports broadcasts will proceed as scheduled. Shut up, be happy, obey all orders without question. At last everything is done for you.

Jello Biafra

Enter your email address to follow Mountain★Republic
and be notified of new posts
by email.

Member of The Internet Defense League

If you want to offend somebody, just tell him the truth.

Friedrich Nietzsche


       Thousands of Deadly Islamic Terror Attacks Since 9/11

Dr. Judy Wood - Evidence of Breakthrough Energy on 9/11

9/11 Firefighter Blows WTC 7 Cover-Up Wide Open

Fear of GERMS - George Carlin

Your Rights Are An ILLUSION - George Carlin

Visit Mountain Re-Home
A project of Mountain★Republic