US Can Thwart the CBDC Onslaught

Source: American Institute for Economic Research
by Peter C Earle

“Nearly three years ago AIER sounded the war tocsin over what were then called ‘programmable digital currencies.’ More recently, proposals for developing retail CBDCs have met appreciably louder and more mainstream resistance. A handful of presidential candidates have voiced unqualified opposition to CBDCs in all forms. Fed Chairman Jerome Powell has indicated that while wholesale CBDC could be issued without Congressional approval, a retail CBDC would have to be authorized by Congress with Executive support. ” (02/09/24)