Banking Regulation, Commodity Money, Digital Money, Fiat Money, Financial Innovation, Money & Politics, News, The Fed & Central Banks
Should the U.S. Government Create a Token-Based Digital Dollar?
Proposals for "central bank digital currency" (CBDC) come in two basic types: account-based and token-based. I have been critical of proposals for an account-based system. Until recently, there didn't seem to be much active interest in a token-based system. But now comes a significant token-based proposal in…
