How Private Money Can Prevail over Central Banks
Fergus Hodgson, October 12, 2022
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For fear of missing out, central banks are rushing to develop central bank digital currencies (CBDCs) to expand their control of the monetary system. Lawrence H. White, professor of economics at George Mason University, warns most CBDCs will run in centralized software, posing risks to users’ privacy.
An expert on banking and monetary policy, White explains the emergence of stablecoins could become an opportunity rather than a threat for the US dollar. Stablecoins pegged to US dollars or gold are a vehicle to expand the US dollar and increase its value.
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Recommended Links
- Follow Lawrence H. White on Twitter and LinkedIn.
- The Clash of Economic Ideas, book by Lawrence H. White.
- The Theory of Monetary Institutions, book by Lawrence H. White.
If You Liked This Episode
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