Cato Daily Podcast cover image

The Worst Argument for CBDCs

Cato Daily Podcast

CHAPTER

The Privacy Trade-offs of CBDCs

This chapter explores the impact of Central Bank Digital Currencies (CBDCs) on financial privacy by examining cases from Nigeria, the Bahamas, and Jamaica. It raises concerns about the erosion of privacy due to mandatory personal information sharing linked to spending limits, while advocating for the strengthening of the private banking system as a safeguard against governmental overreach.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner