Business Briefing: Former chief World Bank economist on inequality and doing away with big money
- Written by Jenni Henderson, Editor, Business and Economy, The Conversation
Doing away with big currency notes is a movement that is picking up all over the world, says Kaushik Basu, a professor of economics at Cornell University. While it may be a good idea in theory for tackling tax evasion and the black market in Australia, he says policymakers have to be cautious in implementing it.
Basu, a former economic adviser to...