Kenneth Rogoff - International Monetary Fund

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Last quote by Kenneth Rogoff

Getting rid of hundred-dollar bills and even fifties is hardly going to end crime, but [those bills] are a very convenient way to stash money, store money. It's a big cost in laundering operations. I don't think it's the only step to take, but it's a very light-handed one that I don't think would affect ordinary people.feedback
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Apr 20 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Kenneth Rogoff is associated, including China and debt. Most recently, Kenneth Rogoff has been quoted saying: “Cash plays a big role in crime. I think there's a reason cash is king. Even though we have bitcoin, gold coins, uncut diamonds … you still find cash playing a major role [in crime], because it's basically government-licensed, anonymous currency. It has very high liquidity, low transaction costs. You can spend cash anywhere. All these other things, like you take gold coins to someone and they're actually a lot of trouble to verify.” in the article Going cashless to fight rising financial crime. An other article where Kenneth Rogoff has been quoted is Trade tensions, dollar danger cloud economic optimism in Davos.
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Kenneth Rogoff quotes

Sep 06 2016

I'd eventually phase out the $100 note. I'd phase out the $50. And over 10 or 20 years, I'm phasing out the $20s.feedback

Sep 06 2016

Cash is very good way to port, horde, hide for crime [and] tax evasion. The evidence, I think, is overwhelming that that is a lot of the use.feedback

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