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How the Fed Thinks about Inflation, Cryptocurrencies, and NGDP Targeting

Cato Podcast

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Stablecoins

I don't want to stand in the way of appropriate innovation, particularly including digital innovation. But we think that something like that, which is purporting to be money would need to be appropriately regulated. There isn't a regulatory framework that really gets after payment stablecoins. You know, and so I think that's what's needed.

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