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Ep19 “The Future of Money: Central Bank Digital Currency?” with Kevin Warsh

All Else Equal: Making Better Decisions

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Kevin Walsh: The Future of Bitcoin

Jonathan Gruber: How many of you have doubted what the amount was that was reported there? And does it bother you at all that your bank is the one who keeps track of this? Do you really wish that there were hundreds of different copies out there so that it could be verified through a consensus mechanism, yes or no? Kevin Walsh: I don't think any of my students, particularly in the US, as you mentioned, ever, ever say that that is an issue for them. But that said, Jonathan, I do think you would agree that the United States payment system is quite antiquated,. That is definitely true. It takes an normally long time for me to pay you.

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