Technocracy: Indian Prime Minister Narendra Modi has already removed 86% of his country’s currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.Should the US follow suit?Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum’s Annual Meeting in Davos.Stiglitz was speaking in the session Ending Corruption alongside Mark Pieth from the Basel Institute of Governance and APCO Worldwide Founder and Executive Chairman Margery Kraus. Stiglitz and Pieth co-authored a report, Overcoming the Shadow Economy, in November last year.He still repeats the lie to Millennials. Stiglitz wants to work with the IRS to get government software embedded in pure cash. Stiglitz covers up the hidden agenda, thus threatening to commit a crime against humanity. He knows it, that makes it premeditated, notify Interpol.
Tuesday, January 24, 2017
Stiglitz should know better than to repeat the scam
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