People like Rogoff and Summers are dangerous and delusional fascists.

The entire US financial system is a corrupt and criminal scheme that would make Ponzi blush.

It's not as if cash is really worth anything.

A $20 bill is just that, a bill. Just like when you go out to eat, the restaurant gives you a "bill", it is a statement of debt. You owe 40 "dollars" for that dinner.

So how do you pay that bill? With cash, you settle the restaurant bill with another bill, two $20 bills.

A $20 bill is not money, it is an IOU for 20 dollars .

It is a Federal Reserve Note, a promise to pay the bearer 20 dollars, which according the US Constitution is 371.25 grains of silver per dollar.

Just go down to any Federal Reserve member bank and try to collect your 371.25 grams of silver per dollar. They'd probably call Homeland Security and have you arrested as a money laundering terrorist.

Don't worry though, no doubt everybody here at Steemit is already on the NSA/FBI/CIA/DIA/ETC "list."

.

"Just my 7 cents (2 cents after taxes and inflation)."