The RSA uses cookies on this website. By using this website you are agreeing to our use of cookies. To find out more read our cookie policy and privacy policy. More Info

The Curse of Cash

RSA Event

 - 

Great Room Auditorium, RSA House

  • Economics and Finance

The world is drowning in cash – and it’s making us poorer and less safe.

Even as people are using less paper money, the amount of cash in circulation is reaching record levels worldwide. Why? The answer is simple: a large part is feeding tax evasion, corruption, terrorism, the drug trade, human trafficking and the global underground economy.

Paper money can also cripple monetary policy – in the aftermath of the financial crisis, central banks have been unable to stimulate growth by cutting interest rates for fear it might drive investors to abandon treasury bills and stockpile cash.

The solution, argues Kenneth Rogoff, professor of public policy at Harvard University and former chief economist of the IMF, is to scale back paper money.

 

Twitter  Instagram  

 

Be the first to write a comment

0 Comments

Please login to post a comment or reply

Don't have an account? Click here to register.

Related events

  • Inclusive Growth Commission – Final report launch

    Great Room Auditorium, RSA House

    Commission Chair Stephanie Flanders is joined by an expert panel to present a roadmap for an economy where everyone can benefit from greater prosperity.

  • How to Break the Power of the Banks

    Durham Street Auditorium, RSA House

    Leading political economist Ann Pettifor explains how democracies can reclaim control over money production.

  • Economics for Everyone: What Needs to Change?

    Durham Street Auditorium, RSA House

    Chief Executive of the Electoral Reform Society Katie Ghose joins an expert panel to discuss how we can improve the quality of public discussion about the economy.