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The Dangers Lurking behind a Digital Euro

Audio Mises Wire

Tags Money and Banking

03/03/2021Thorsten Polleit

As soon as cash has been pushed back or stripped away entirely, monetary policymakers can implement an uninhibited negative interest rate policy to devalue debt. Customers can no longer get out of the “bank balance sheet”; the final escape door is then locked.

Original Article: "The Dangers Lurking behind a Digital Euro"

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Thorsten Polleit

Dr. Thorsten Polleit is Chief Economist of Degussa and Honorary Professor at the University of Bayreuth. He also acts as an investment advisor.