Saturday, September 10, 2016

Jim Grant Slams Rogoff...

...and justifiably so.

Grant writes in The Wall Street Journal about the new Ken Rogoff book, The Curse of Cash, where Rogoff calls for the abolishment of most cash:
If there is a curse between the covers of this thin, self-satisfied volume, it doesn’t have to do with cash, the title to the contrary notwithstanding. Freedom is rather the subject of the author’s malediction. He’s not against it in principle, only in practice...Mr. Rogoff’s brief is best seen not as detached scientific analysis but as a kind of left-wing crotchet. Strip away the technical pretense and what you have is politics. The author wants the government to control your money. It’s as simple as that.


1 comment:

  1. It looks like my childhood dream of living the good life of Winston Smith gets closer and closer each day. ;)