Summary:
As noted in my previous post, I was discussion leader at a recent colloquium on moving towards a cashless or less-cash society. Here are some quotes from Rogoff, followed by questions I asked. Rogoff:Certainly, a lot of the angst over electronic currency comes from deeply rooted fears of digital theft and paralysis after a major power outage.He goes on to say why he thinks this won't be a big problem. What about a long emergency? Rogoff writes:In a sufficiently prolonged emergency when there is no longer any way to recharge cell phones and supplies of small bills are depleted, the government can air-drop currency for temporary use, redeemable for electronic currency after the crisis.I asked:(i) Has
Topics:
David Henderson considers the following as important: Monetary Policy
This could be interesting, too:
As noted in my previous post, I was discussion leader at a recent colloquium on moving towards a cashless or less-cash society. Here are some quotes from Rogoff, followed by questions I asked. Rogoff:Certainly, a lot of the angst over electronic currency comes from deeply rooted fears of digital theft and paralysis after a major power outage.He goes on to say why he thinks this won't be a big problem. What about a long emergency? Rogoff writes:In a sufficiently prolonged emergency when there is no longer any way to recharge cell phones and supplies of small bills are depleted, the government can air-drop currency for temporary use, redeemable for electronic currency after the crisis.I asked:(i) Has
Topics:
David Henderson considers the following as important: Monetary Policy
This could be interesting, too:
Scott Sumner writes FDR’s immaculate inflation
Scott Sumner writes Why stop at price level targeting?
Scott Sumner writes Getting out in front of the parade
Don Boudreaux writes Freeman Essay #123: “On the Austrian Theory of the Trade Cycle, Part II”