2min chapter

GoodFellows: Conversations from the Hoover Institution cover image

Food for Thought

GoodFellows: Conversations from the Hoover Institution

CHAPTER

Is It a Socialism Through the Back Door?

I worry that a central bank digital currency will pull too much capital away from the private sector. I think om mite structure matters for banks. Deposits are a pretty cheap form of financing. Better than turning those resources over to our government, in my view. It is absurd their taking us to be idiots.

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