Central bank digital currencies need to be centralized and manipulable to some extent in order to use them to implement monetary policy, which is central bankers’ goal. This characteristic makes them a very risky proposition. Original Article: “ Privacy, Power, Fiscal Policy, the Poor: Four Reasons to Worry about CBDCs “. This Audio Mises Wire is
One hundred and thirty years ago, on the September 29, 1881, Ludwig Heinrich Edler von Mises was born in Lemberg. At that time part of the Austro-Hungarian Empire, Lemberg is now called Lviv and is located in Ukraine. This event had to be celebrated, and so academics, representatives of think tanks, and government officials from eight different
Listen to the Audio Mises Wire version of this article. It has become clear by now that central bank digital currencies, or CBDCs, will be in our future and the technology will fundamentally change the use of money and the economic system as a whole. The world’s biggest economies and their central banks have announced they are working on CBDCs :
Ya ha quedado claro que las monedas digitales de los bancos centrales, o CBDC, estarán en nuestro futuro y la tecnología cambiará fundamentalmente el uso del dinero y el sistema económico en su conjunto. Las mayores economías del mundo y sus bancos centrales han anunciado que están trabajando en l a s CBDC : la Reserva Federal de los Estados
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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
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