Richard Thaler along with Cass Sunstein wrote a book called, Nudge: Improving Decisions about Health, Wealth, and Happiness. It's a manual on how the government should manipulate the masses. I discussed this bizarre best seller, here and here. It's a very dangerous book.
Given Thaler's overall bent to manipulate the masses through "nudges," it is no surprise that he would come out in favor of Larry Summers call to ban the $100 bill. It's all about transferring power and control to government.
I completely agree with Larry on this. https://t.co/A9XAiAqmqZ— Richard H Thaler (@R_Thaler) February 17, 2016
The compelling case for stopping issuance of high denomination notes like 500 euro note & $100 bill: https://t.co/GEeeOpwsYG @Wonkblog— Lawrence H. Summers (@LHSummers) February 17, 2016