The Failure of Central Banking: Central Bank Digital Currencies

The Failure of Central Banking: Central Bank Digital Currencies
Tuomas Malinen
Updated:
Commentary 
Currently, central banks across the globe are drafting plans to issue their own digital currencies. Some, such as the People’s Bank of China, are already experimenting with such monetary plans. Many don’t realize it, but digital currencies issued by central banks pose the greatest threat to economic and financial freedom we may have ever faced.
Tuomas Malinen
Tuomas Malinen
Author
Tuomas Malinen is CEO and chief economist at GnS Economics, a Helsinki-based macroeconomic consultancy, and an associate professor of economics. He studied economic growth and economic crises for 10 years. In his newsletter (MTMalinen.Substack.com), Malinen deals with forecasting and how to prepare for the recession and approaching crisis.
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