What You'll Get

There are dumb statements and then there are dumber ones from economic elitist highbrows.

One of the dumbest we've seen of late is this gem from Harvard economics professor Kenneth S. Rogoff: "Almost 80% of the cash circulating outside financial institutions is in $100 bills."  Rogoff despises two things, your economic liberty and freedom of choice and cash. The two are connected tighter than Siamese twins.

Have you tried going very far today on a $20 bill? Not too long ago $20 would fill up your gas tank. Forget the current price of gasoline and it's many fluctuations. Or here's one better. Try taking a family of four out to dinner on two $20 bills. Let us know how that goes. Been to a major sporting event recently? Parking costs $20 and that's fortunately still in the same county where the event's being held. Don't try to buy any snacks why your there though. If you do you'll be surprise how quick they can make change of what's left of a $100 bill.

Checked lately the prices of services in the U.S.? In their global scorching searching for that magical 2% inflation target, there's a reason the Fed doesn't look there. Service prices are up astronomically. We won't mention the other obviously straw men nonsense Rogoff attempts to peddle. He's an academic, Jake. Knowing that alone is worth a $100 bill.

Since 80% of cash circulating outside institutions is $100 bills, most of it must be going to the vile underground economy, the one you need our protection from. Most of the franchise eating places in the U.S. will welcome that news. If you listen to government elitist shills like Rogoff and go gently into that cashless society they have planned for you, you deserve what you'll get.

Make sure you get your nose rings properly placed. It will be a bit less painful when you're tugged around in the cashless world Rogoff and his elitist friends have slated for you.