We’ve seen the movement toward a cashless society take root in India, Sweden, other parts of Europe and the United States. Now the call is being heard in Australia. The Australian Broadcasting Corporation (ABC), the leading media channel in Australia, features an in-depth interview with Harvard Professor Ken Rogoff, author of the new book, The Curse
Governments are relentless and highly creative when it comes to taking your money. India has shut down the banks. Zimbabwe has offered worthless “bond notes” for hard currency (see story above). Turkey urges citizens to hand in their hard currency for local currency, but does suggest gold as an alternative. Other approaches to seizing citizen accounts include
By now, readers are familiar with the decision by Indian Prime Minister Modi to make the most popular bank notes illegal. The equivalent of a $20 bill and $10 bill (1,000 Rupees and 500 Rupees) were declared by the Indian government to be no longer legal tender. This set off a wave of panic in
