
Central Bank Digital Currency versus The Constitution
Cato Podcast
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The Constitution and the Rights of Money
In the United States, like in lots of capitalist economies, there are fundamentally these two kinds of money. There is a public form of money that ordinary households have access to today. There are private forms of money and today that means bank issued demand deposits. The Constitution clearly envisioned a scenario in which the private sector would act as a check on the state in issuing its own paper money.
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