Radhika Desai, a political economist, teams up with Robert C. Hockett, a legal scholar, to dive into the world of Central Bank Digital Currencies (CBDCs) and their implications. They discuss how CBDCs could democratize finance, while also examining Wall Street's strong opposition. The duo explores the controversial benefits of Sweden's e-krona, the vital need for privacy in digital finance, and the historical purpose of the Federal Reserve. They question the U.S. banking system's current focus and advocate for reforms that prioritize public interests.
