Looking at the other side


Assuming we have the same understanding about the nature of money because we both read that Lyn's article shared in a previous post.

These are some interesting comments from the current president of the Federal Reserve Bank of Minneapolis.

Personally, people like him give me a bit of hope; at least some bankers foresee the many issues behind CBDCs in countries that supposedly value freedom.

Source: https://www.minneapolisfed.org/speeches/2022/neel-kashkari-fireside-chat-at-the-2022-journal-of-financial-regulation-conference

#Finance #Economics #Privacy #CBDC

So far, I've consciously avoided writing about economics or finance here. I don't feel knowledgable enough to share something valuable.

However, given what we are witnessing around the world, I'm now reconsidering this position. Perhaps we should share whatever insight we have, no matter how small it is. It is up to you, the reader, to take what you find useful and discard the rest.

This post is divided in two parts: first some personal background and then a link to an article sharing the title with this post. If you are only interested in finding the answer to the question, jump directly to the bottom.