Nicholas Anthony on *Digital Currency or Digital Control: Decoding CBDC and the Future of Money*

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. (https://www.mercatus.org/macro-musing...)


 


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Nick’s Cato profile (https://www.cato.org/people/nicholas-...)


 


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Related Links:


 


Digital Currency or Digital Control: Decoding CBDC and the Future of Money (https://www.cato.org/books/digital-cu...) by Nicholas Anthony


 


Nicholas Anthony on the Current Prospects and Legislative Developments Surrounding CBDC (https://www.mercatus.org/macro-musing...) by Macro Musings


 


Macroeconomic Modelling of CBDC: A Critical Review (https://papers.ssrn.com/sol3/papers.c...) by Ulrich Bindseil and Richard Senner


 


Ulrich Bindseil on Central Bank Operating Systems (https://www.mercatus.org/macro-musing...) 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