Bloomberg author Lorcan Roche Kelly fell for Buiter's nonsense hook line and sinker in Citi Economist Says It Might Be Time to Abolish Cash.

Buiter proposes that interest rates should have been -6% during the crisis. Kelly is enough of an fool to say "It seems Buiter is correct".

On May 28, 2014, economist Kenneth Rogoff proclaimed to the Financial Times, Paper money is unfit for a world of high crime and low inflation.

While I would agree with the notion that fiat paper is unfit, thus requiring a return to the gold standard, that is not exactly what Rogoff had in mind.