Macro Lit Review 4: Highlights from Mid-2023 with George Selgin
Macro Musings with David Beckworth
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The Future of Payments
It's quite possible that neither of these big networks will become ubiquitous. The Fed will certainly keep in business, whether it's really would survive as a private payment supplier or not. And so you'll have this expensive underutilized network. In the meantime, other little alternatives, Fintech alternatives, will be providing the equivalent of real-time payments for the vast majority of people who need them.
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