I don't think it's time yet to eliminate cash, but I propose having a less-cash society, not a cashless one.
Kenneth RogoffThere has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren't moving ahead as quickly as the capitalists.
Kenneth RogoffIt's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.
Kenneth RogoffWe Americans are not about to stop borrowing as long as they give us money for nothing.
Kenneth Rogoff