What is Fiat Currency and What are the Problems with it
Cryptocurrency News & Your Guide to the Blockchain Economy Even many of cryptocurrency's harshest critics acknowledge that there are serious problems with fiat currencies. Strangely, enough the most outspoken critic of government-issued currencies; former International Monetary Fund (IMF) Chief Economist Kenneth S. Rogoff, is also a foe of cryptocurrency. Rogoff even wrote a book; The Curse of Cash, in which he recommended governments abolish paper cash completely. Rogoff's argument is that cash is draining money away from legitimate free enterprise and into the black market. He also accuses the world's central banks of promoting the black market by profiting from the sale of paper bills. This item was first seen by us on February 09, 2018 4:35 AM. Share this content on social media: You may want to visit blockonomi.com to find more similar content. Leave a Comment
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