In a recent post by VOX, Dirk Niepelt discusses the idea of Central Banks issuing their own digital currency. Using a scheme dubbed reserves for all, Niepelt explores the idea that money, the role it plays, and if the RFA can handle the same workload as traditional money.
The jury is still out on issues central bank backed digital currencies, but Niepelt does concede that the cost of disruptive effects could outweigh the benefits of loosening credit.
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