Facebook's Plans for Its Cryptocurrency to Rival the Dollar

This week, Facebook's Head of Calibra David Marcus joined to discuss why the social media company is launching the cryptocurrency Libra and the regulatory pushback. Republican Sen. John Kennedy of Louisiana, who sits on the Banking Committee, came on to talk about why he is skeptical of Libra and President Trump's renewed attacks on Fed Chair Jerome Powell. Skanda Amarnath, Director of Research & Analysis at Employ America, joined to explain why he thinks the Fed can learn a lot from Canada. Then Josh Bivens, Director of Research & Policy at the Economic Policy Institute, came on to talk about Sen. Bernie Sanders' plan to wipe out $1.6 trillion of student debt.  See omnystudio.com/listener for privacy information.