Ken Rogoff on the Persistent Use of Cash

The video discusses the prevalence of cash usage in countries like Germany and Austria compared to the US, highlighting factors such as tax evasion and cultural attitudes. It explores global cash demand, with a significant portion of US dollars held abroad. Kenneth Rogoff proposes measures to regulate cash, like eliminating large bills and setting transaction limits, while addressing privacy concerns and cultural beliefs about cash freedom.

Discuss the implications of holding cash as a hedge against potential problems in society.

What are some cultural attitudes towards cash that may affect its usage?