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The Most Important Question in the World Today | Episode 8 | (WiM388)
The "What is Money?" Show
The difference between fiat currency and central bank digital currency
A central bank digital currency (CBDC) is like fiat currency on steroids, with more surveillance and tighter controls. It cuts out the commercial banking sector, giving individuals more optionality and autonomy. The host asks the interviewee about their thoughts on money and how they would explain it to a five-year-old.
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