Why do central banks want digital currencies?
profstevekeen.substack.com
May 13 • 34M
Why do central banks want digital currencies?
Central banks are all looking at digital currencies. It’s obviously not to take on crypto, unless they are very naïve. So what’s their end game?
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Steve Keen
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.ems-based alternative to mainstream economics
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Central banks seem to be in a rush to offer digital currencies, but why? Conspiracy theories point to China, and visions of private bank accounts monitored by the state to counter the hidden transactions of cryptocurrencies. But the proposition for crypto is very different. Central banks aren’t offering a new investment opportunity, they are talking abo…
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