Exploring the Pitfalls of Central Bank Digital Currencies

What are central bank digital currencies (CBDCs), and why are banks on Wall Street lobbying against them? Could they be an alternative for average people, or would they create even more problems than they solve? Political economist Radhika Desai is joined by legal scholar Robert C. Hockett to discuss CBDCs, central banks, the Federal Reserve, and the banking system. This is part of Radhika's show Geopolitical Economy Hour. You can watch other episodes of the program here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP