Central Bank Digital Currencies: What's The Point? - Morals & Markets Podcast
Central banks, as monopolist issuers of state-based fiat (mandatory) money, operate not to help economies but to assist fiscally profligate governments in funding themselves cheaply and surreptitiously. Lately, in response to the spread (and threat) of cryptocurrencies, central banks have pursued plans to issue their fiat monies in digital form. Per the BIS, 86% of them are actively researching central bank digital currencies (CBDCs), 60% are experimenting with it, and 14% have pilot projects. Fans claim CBDCs will help central banks better manage the payments system, inflation, and the economy. But nefarious motives are also likely, having to do with “Modern Monetary Theory” and more direct means of financing profligate governments.
Please like, subscribe, and share this podcast and visit atlassociety.org/events to view more conversations with our senior scholars.
----------------------------------------------
About The Atlas Society: https://www.atlassociety.org/about
Sign up for our newsletter to get updates: https://www.atlassociety.org/get-updates
Entire library of Draw My Life Videos: https://www.atlassociety.org/video-series/draw-my-life
Catalogue of The Atlas Society Asks episodes and other videos: https://www.atlassociety.org/now-playing
Ayn Rand Merchandise: https://shop.atlassociety.org/
Follow The Atlas Society on social media
Facebook: https://www.facebook.com/AtlasSociety/
YouTube: https://www.youtube.com/user/TheAtlasSociety/videos
Twitter: https://twitter.com/TheAtlasSociety
Instagram: https://www.instagram.com/atlassociety/
LinkedIn: https://www.linkedin.com/company/the-atlas-society
-
0:55
TheAtlasSociety
4 days agoCanadian healthcare = Facilitate overdoses.
28 -
49:38
Brewzle
20 hours agoI Survived 18 Whiskey Distilleries in the RAIN at a Festival
1853 -
2:45
Cooking with Gruel
12 hours agoEgg Shell Hack - Does it Work?
3842 -
12:06
DEADBUGsays
21 hours agoThe Last Sumo | Murder by Design #12
516 -
17:55
Jamie Kennedy
14 hours agoDownfall of Rome and America w/ Jack Osbourne - Hate To Break It To Ya from Ep. 170
1001 -
14:23
Link to the Light
23 hours agoWhy RGT85 and ZenkaiGoose are WRONG about the 9th Generation
28 -
24:25
Danny Haiphong
16 hours agoPutin's GAME CHANGING Iran Aid Triggers Israeli Strike on Russian Base WWIII Next? Ft. Ben Norton
1.63K7 -
LIVE
Vigilant News Network
14 hours agoBad News Strikes Diddy in Stunning New Development | The Daily Dose
698 watching -
11:26
IsaacButterfield
1 day ago $0.16 earnedIS “SHE” A LIAR?!
5662 -
1:31:09
Uncensored Pharmacist
16 hours agoSHOCKING details about the Ozempic SCAM and why Americans are FAT!
34.3K8