
Ep19 “The Future of Money: Central Bank Digital Currency?” with Kevin Warsh
All Else Equal: Making Better Decisions
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The Future of Payment Settlements
I agree our payment system is a 1970s payment system, but why do we need blockchain? Why can't we just bring the payment system into the 21st century? We could. And if you asked our colleagues that are working at the Federal Reserve and the Treasury, they would say they are making incremental progress in and around things like FedNow. If there were ever a chance to move beyond incrementalism so that we could have payment settlements, programmable money, and a new way of doing business and leapfrog, it strikes me this is the moment.
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