Europe is right to kill off the criminals’ favourite banknote - Read my column in today's http://FT.com http://on.ft.com/1OjeMJe
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Replying to @LHSummers
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@LHSummers Should we invest into inevitably rising bitcoin now, or brace for bitcoin being outlawed soon?1 reply 0 retweets 1 like -
Replying to @Plinz
@Plinz@LHSummers Small banknotes mean bigger vaults. Banks in Germany already raise customer fees. Cash rate is zero. It's not about crime.1 reply 0 retweets 0 likes -
Replying to @blubberquark
@blubberquark Do you suggest that banks use cash for storing your bank account value?1 reply 0 retweets 0 likes -
Replying to @blubberquark
@PlinzImagine Keeping cash *could* be a way of evading fiscal policy. The cost of securing vaults is higher than cost of negative ECB (2/n)
1 reply 0 retweets 0 likes -
Replying to @blubberquark
@Plinz interest rates at the moment. But security costs for bank customers are even higher. Do you want to save for retirement with (3/n)3 replies 0 retweets 0 likes -
Replying to @blubberquark
@blubberquark Do you suggest there has been a security cost increase due to banks storing larger volumes of paper money? Link?1 reply 0 retweets 0 likes -
Replying to @Plinz
@Plinz http://www.tagesspiegel.de/wirtschaft/zinspolitik-nur-bares-ist-wahres/13394226.html … http://www.abendblatt.de/wirtschaft/article207534627/Ende-des-Bargelds-Was-das-Aus-des-500-Euro-Scheins-bedeutet.html … BTW second link says Prof Schneider, quoted by@LHSummers said the opposite in german1 reply 0 retweets 0 likes
@blubberquark Der Artikel ist mE BS, weil er die Kernbehauptung nicht belegt, sondern bloss herummeint
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