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Nigeria's Disastrous Rollout of Central Bank Digital Currency

Cato Podcast

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CBDCs - Who Cares if We Make It Worse?

I was a little shocked when I read this because the defense largely boiled down to people in China right now do not have any privacy. It almost boils down to we don't have a great standard of financial privacy. So this thing that's going to make it worse, eh, not a big deal. It's already bad. We're already in a terrible place. So who cares if we make it worse? And I've even seen that beyond this example. People push back at my work where I highlight the risks to financial privacy in the United States. They say, well, the US is already bad too with respect to financial privacy. Who really cares about this? and I find it

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