Central Bank Digital Currency: A Benefit or a Burden for Citizens?
How is a Central Bank Digital Currency (or CBDC) different from other cryptocurrencies or from digital money that people spend using debit and credit cards? A CBDC would be directly controlled and operated by the government rather than private financial institutions. This type of control would allow the Federal Reserve to quickly intervene in the economy if needed. A CBDC would enable the government to inject funds into the market but could also restrict individual or societal transactions at any time, eliminating personal monetary control and financial privacy.
Norbert J. Michel is vice president and director of the Cato Institute’s Center for Monetary and Financial Alternatives, where he specializes in issues pertaining to financial markets and monetary policy.
Visit our website – https://www.RegProject.org – to learn more, view all of our content, and connect with us on social media.
* * * *
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
Смотрите видео Central Bank Digital Currency: A Benefit or a Burden for Citizens? онлайн без регистрации, длительностью часов минут секунд в хорошем качестве. Это видео добавил пользователь The Federalist Society 27 Октябрь 2023, не забудьте поделиться им ссылкой с друзьями и знакомыми, на нашем сайте его посмотрели 38,382 раз и оно понравилось 87 людям.