Privacy, Power, Fiscal Policy, the Poor: Four Reasons to Worry about CBDCs
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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 generously sponsored by Christopher Condon. Narrated by Michael Stack.