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​​Is There a CBDC in Our Future?

While it’s becoming increasingly clear that we will need some sort of monetary reform in the years ahead, a CBDC isn’t the way to go.
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​​Is There a CBDC in Our Future?
Abstract of central bank digital currency (CBDC). Comdas/Shutterstock
Mark Hendrickson
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Commentary

If the old saying “where there’s smoke, there’s fire” holds true, sometime this decade we in the United States are likely to see the unveiling of a CBDC—a central bank digital currency.

Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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