Kenneth Rogoff: The Compactness of Big Bills

Today in our blog series by Kenneth Rogoff, author of The Curse of Cash:

From Rachel Maddow of MSNBC, comes a video story marvelously explaining why criminals, tax evaders, and corrupt official so love large denomination notes. Here, an apparently corrupt Nigerian official (who pleads innocence) finds $100s very convenient for stashing cash. The story comes at the top of the show.

I am grateful to Larry Kintisch of Blauvelt NY for drawing my attention to this story. Yes, there is a world of difference between a “less-cash society” as my book argues, and a cash-less society that the cash lobby likes to point to as a scare tactic for maintaining the absurd status quo.

The paperback edition of The Curse of Cash: How Large Denomination Bills Aid Tax Evasion and Crime and Constrain Monetary Policy will be coming out early this summer; now with an analysis of Indian demonetization and other issues that have arisen in the past year.

Read other posts in the series here.

PUP Publicist Colleen Boyle highlights our Fall list on C-Span

Our publicist extraordinaire Colleen Boyle recently spoke to C-Span’s Book TV about some of our lead titles, including Ken Rogoff’s The Curse of Cash, Roger Penrose’s Fashion, Faith and Fantasy, and Welcome to the Universe by Neil deGrasse Tyson, Michael A. Strauss, and J. Richard Gott, all forthcoming this September.

Check out the full interview about these and other forthcoming PUP titles on C-SPAN!

Rogoff

Penrose

Welcome to the Universe