Lawrence H. White

The topic du jour is central bank digital currency and in this episode we discuss why that is, as well as the finer points of how a CBDC could and should be designed. Is tiered anonymity acceptable and can it be built? Can privacy be reconciled with sanctions power? Would a larger Fed balance sheet politicize it? What are the prospects for continued dollar dominance? What about stablecoins? And what’s Bitcoin’s core value?