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.
In this timely series, several Mises Institute scholars and writers come together to discuss the themes running through the 2020 election race and the most important policy issues for the American presidency.
Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.