Ken Rogoff's Government Debt Default Plan

``It seems clear that Rogoff's negative interest rate/cashless society proposal is structured to engineer a back-door US government debt default... More worrying for investors: the fact that Rogoff, Ben Bernanke and others are proposing negative rates despite the considerable evidence that they will do no economic good suggests that they believe that the US government cannot pay back its debts -- that it is already insolvent.... "If you give me the job, I'll help make sure that government can borrow all it wants and it won't have to pay any of it back," may be the sub-text to Rogoff's book.''