
Brookings’ Klein on Stablecoin’s Downsides, CBDC Myths and More Fed Cowbell
Banking with Interest
00:00
Do We Want Financial Inclusion for Basic Daily Life?
Sally Kohn: How many people really are sending money? What would it take if I was paid in $300 cash to send crypto back to my home country, to my parents and then have them transition that crypto back into something that they can use to live their life? She says she's seen very limited uptake in the space of unbank or underbank digital currency. Kohn: Do we want a system where people with less money are speculating in more more speculative assets? And we can debate that to different set of issues than off-touted financial inclusion for basic daily life.
Transcript
Play full episode