Macro Musings with David Beckworth cover image

Christina Skinner on Central Bank Digital Currency as New Public Money

Macro Musings with David Beckworth

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The Importance of a CBDC

More secure property rights would be lost or it'd become more malleable. A CBDC is fundamentally different. It's not like private property. It's more like a policy instrument for all the reasons that we've been discussing. And because by virtue of the fact that it's programmable, right, it's by definition, not an inalienable right.

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