Jerry Brito interviews Prof. Lawrence H. White about central bank digital currencies.
The topic du jour is central bank digital currency and in this episode we discuss why that is, as well as the finer points of how a CBDC could and should be designed. Is tiered anonymity acceptable and can it be built? Can privacy be reconciled with sanctions power? Would a larger Fed balance sheet politicize it? What are the prospects for continued dollar dominance? What about stablecoins? And what’s Bitcoin’s core value?