Episode 17 – The War On Cash And Post-Debate Mark Geise Show

Episode 17 – The War on Cash and Post-Debate

8+ y ago

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In this episode, I discuss an interview with Harvard economist Kenneth Rogoff. I discussed Rogoff and the “War on Cash” in Episode 14 (linked below); I stumbled upon this interview a couple days ago and could not resist talking about his views yet again. Rogoff’s editorial that I discussed in Episode 14 was crafted in such a way to avoid disclosing too many of his biases, but this interview did not allow him to tailor his message in such a way. This interview supports my inferences in that previous episode: the war on cash is far more about increasing control and increasing the power of central banks than it is about reducing criminality or tax evasion. Rogoff’s pretentiousness comes through strong.

Also, I discuss Monday’s debate between Donald Trump and Hillary Clinton. Both candidates scare me pretty much equally. I do not think my life will be markedly different if either gets into office, so I frankly do not care about the election beyond analyzing the overarching trends. In this debate, Trump’s protectionism and ignorance of civil liberties concerned me most, while Clinton’s economic policies concerned me most. Both are scary, but in slightly different ways. Clinton clearly won the debate, but it does not appear to have markedly changed the polls. I am sure many out there feel similarly pessimistic, so my solution is to focus on local and state elections and to optimize your own personal and economic lives. You do not hold any sway on the national stage when one person is battling to represent 330 million people, but you can conceivably hold sway in your local elections. That is far more constructive than expending energy to watch two poor candidates battle it out in a chaotic election.

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