Willem Buiter

Willem Buiter, former Global Chief Economist at Citigroup, dives into the future of money. He argues that gold's long-standing bubble is about to burst and advocates for central banks to rethink bullion holdings. Buiter decries Bitcoin's reliability as a store of value while promoting fully backed stablecoins and CBDCs as pivotal for the next monetary era. He discusses the implications of tokenized deposits, the influence of political pressure on the Fed, and forecasts a future filled with diverse stablecoins.

Willem Buiter, a former Chief Economist at Citigroup and ex-member of the Bank of England's Monetary Policy Committee, dives deep into the complex dynamics between central banks and governments. He outlines six future challenges central banks face, including the tension between fiscal dominance and independence. Buiter critiques existing theories on price levels and warns of the risks posed by central bank operations, emphasizing the need for reform to ensure economic stability and effective policymaking.