
Ep19 “The Future of Money: Central Bank Digital Currency?” with Kevin Warsh
All Else Equal: Making Better Decisions
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The Dangers of a New Digital Currency
Most dollars are already digital. So why bother with a new digital currency? This is a fertile subject certainly made more fertile by the ongoing geopolitical fights between and among adversaries and allies around the world. To answer your question, I think of the new technology as nothing but amazing new software. That every 17 year old computer scientist that shows up at Stanford will only be working with will be the dominant use. And finally, if you have the benefit of having the world's reserve currency as your tailwind, you needn't be at the bleeding edge, but you also shouldn't be the last mover.
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