Mercatus Center | Nicholas Anthony on *Digital Currency or Digital Control: Decoding CBDC and the Future of Money* @MercatusCenter | Uploaded July 2024 | Updated October 2024, 21 hours ago.
Nicholas Anthony is a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives, a fellow at the Human Rights Foundation, and is also a returning guest to the podcast. Nick rejoins David on Macro Musings to talk about a new book he has authored titled, *Digital Currency or Digital Control: Decoding CBDC and the Future of Money.* Specifically, Nicholas and David discuss the history of CBDCs, their challenges and drawbacks, Nick’s recommendations for the future, and a lot more.
Transcript for this week’s episode. (mercatus.org/macro-musings/nicholas-anthony-digital-currency-or-digital-control-decoding-cbdc-and-future-money)
Nick’s Twitter: @EconWithNick (https://x.com/econwithnick)
Nick’s Cato profile (cato.org/people/nicholas-anthony)
David Beckworth’s Twitter: @DavidBeckworth (twitter.com/DavidBeckworth)
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Related Links:
*Digital Currency or Digital Control: Decoding CBDC and the Future of Money* (cato.org/books/digital-currency-or-digital-control#:~:text=%E2%80%9CIn%20Digital%20Currency%20or%20Digital,personal%20freedom%2C%20and%20market%20stability.) by Nicholas Anthony
*Nicholas Anthony on the Current Prospects and Legislative Developments Surrounding CBDC* (mercatus.org/macro-musings/nicholas-anthony-current-prospects-and-legislative-developments-surrounding-cbdc) by Macro Musings
*Macroeconomic Modelling of CBDC: A Critical Review* (papers.ssrn.com/sol3/papers.cfm?abstract_id=4782993) by Ulrich Bindseil and Richard Senner
*Ulrich Bindseil on Central Bank Operating Systems* (mercatus.org/macro-musings/ulrich-bindseil-central-bank-operating-systems) by Macro Musings
Timestamps:
(00:00:00) – Intro
(00:01:50) – The Future Prospects of CBDC: From Congress to the White House
(00:07:35) – The History of CBDCs
(00:11:19) – Breaking Down the Three Types of CBDCs
(00:17:22) – The Challenges and Drawbacks of CBDCs
(00:25:42) – The Buffer Between CBDCs and Privacy
(00:31:00) – Wholesale CBDCs, Real-time Payments, and Cross-border Payments
(00:41:06) – The Potential Destabilizing Effects of CBDCs
(00:46:12) – The Pros and Cons of a CBDC for the Fed
(00:53:23) – Responding to Pro-CBDC Arguments
(00:59:05) – Recommendations for the Future of CBDCs
(01:01:92) – Outro
Nicholas Anthony is a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives, a fellow at the Human Rights Foundation, and is also a returning guest to the podcast. Nick rejoins David on Macro Musings to talk about a new book he has authored titled, *Digital Currency or Digital Control: Decoding CBDC and the Future of Money.* Specifically, Nicholas and David discuss the history of CBDCs, their challenges and drawbacks, Nick’s recommendations for the future, and a lot more.
Transcript for this week’s episode. (mercatus.org/macro-musings/nicholas-anthony-digital-currency-or-digital-control-decoding-cbdc-and-future-money)
Nick’s Twitter: @EconWithNick (https://x.com/econwithnick)
Nick’s Cato profile (cato.org/people/nicholas-anthony)
David Beckworth’s Twitter: @DavidBeckworth (twitter.com/DavidBeckworth)
Follow us on Twitter: @Macro_Musings (twitter.com/Macro_Musings)
Check out our new AI chatbot: the Macro Musebot (ai.macromusings.org/) !
Join the new Macro Musings Discord server (discord.com/invite/T3SxtAQVJz) !
Join the Macro Musings mailing list! (mercatus.tfaforms.net/5060932)
Check out our Macro Musings merch! (bonfire.com/store/mercatus-podcast-swag/)
Related Links:
*Digital Currency or Digital Control: Decoding CBDC and the Future of Money* (cato.org/books/digital-currency-or-digital-control#:~:text=%E2%80%9CIn%20Digital%20Currency%20or%20Digital,personal%20freedom%2C%20and%20market%20stability.) by Nicholas Anthony
*Nicholas Anthony on the Current Prospects and Legislative Developments Surrounding CBDC* (mercatus.org/macro-musings/nicholas-anthony-current-prospects-and-legislative-developments-surrounding-cbdc) by Macro Musings
*Macroeconomic Modelling of CBDC: A Critical Review* (papers.ssrn.com/sol3/papers.cfm?abstract_id=4782993) by Ulrich Bindseil and Richard Senner
*Ulrich Bindseil on Central Bank Operating Systems* (mercatus.org/macro-musings/ulrich-bindseil-central-bank-operating-systems) by Macro Musings
Timestamps:
(00:00:00) – Intro
(00:01:50) – The Future Prospects of CBDC: From Congress to the White House
(00:07:35) – The History of CBDCs
(00:11:19) – Breaking Down the Three Types of CBDCs
(00:17:22) – The Challenges and Drawbacks of CBDCs
(00:25:42) – The Buffer Between CBDCs and Privacy
(00:31:00) – Wholesale CBDCs, Real-time Payments, and Cross-border Payments
(00:41:06) – The Potential Destabilizing Effects of CBDCs
(00:46:12) – The Pros and Cons of a CBDC for the Fed
(00:53:23) – Responding to Pro-CBDC Arguments
(00:59:05) – Recommendations for the Future of CBDCs
(01:01:92) – Outro
