Harvard economist believes we should eliminate bills worth more than 10 dollars

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Harvard economist believes we should eliminate bills worth more than 10 dollars

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yangusbeef
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Post: #1

Harvard economist believes we should eliminate bills worth more than 10 dollars

http://www.cnsnews.com/news/article/barb...-larger-10

The goal is to weaken money laundering and strengthen central banks' ability to manipulate interest rates. 'Unintended' consequence is going to be a further reduction of civilian financial sovereignty and security.

18.09.2016 02:16

adder
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Post: #2

RE: Harvard economist believes we should eliminate bills worth more than 10 dollars

And the government shall have full insight in what the citizen buys. That's only the first step in full abolishment of paper and coin. Electronic only money is sooooo much better for government.

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Si vis pacem para bellum

"Alles, was der Mensch ist und was ihn über das Tier hinaushebt, dankt er der Vernunft. Warum sollte er gerade in der Politik auf den Gebrauch der Vernunft verzichten und sich dunkeln und unklaren Gefühlen und Impulsen anvertrauen?" (Ludwig von Mises)

18.09.2016 04:16

yangusbeef
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Post: #3

RE: Harvard economist believes we should eliminate bills worth more than 10 dollars

adder Wrote:

And the government shall have full insight in what the citizen buys. That's only the first step in full abolishment of paper and coin. Electronic only money is sooooo much better for government.

And that's the underlying goal. It will do nothing to stop money laundering, they will just use different currency, most likely a good.

19.09.2016 19:52

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Harvard economist believes we should eliminate bills worth more than 10 dollars