Nicholas Anthony is a policy analyst at the Cato Institute\u2019s 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\u2019s recommendations for the future, and a lot more.
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Transcript for this week\u2019s episode.
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Nick\u2019s Twitter: @EconWithNick
Nick\u2019s Cato profile
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Related Links:
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*Digital Currency or Digital Control: Decoding CBDC and the Future of Money* by Nicholas Anthony
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*Nicholas Anthony on the Current Prospects and Legislative Developments Surrounding CBDC* by Macro Musings
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*Macroeconomic Modelling of CBDC: A Critical Review* by Ulrich Bindseil and Richard Senner
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*Ulrich Bindseil on Central Bank Operating Systems* by Macro Musings
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Timestamps:
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(00:00:00) \u2013 Intro
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(00:01:50) \u2013 The Future Prospects of CBDC: From Congress to the White House
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(00:07:35) \u2013 The History of CBDCs
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(00:11:19) \u2013 Breaking Down the Three Types of CBDCs
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(00:17:22) \u2013 The Challenges and Drawbacks of CBDCs
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(00:25:42) \u2013 The Buffer Between CBDCs and Privacy
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(00:31:00) \u2013 Wholesale CBDCs, Real-time Payments, and Cross-border Payments
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(00:41:06) \u2013 The Potential Destabilizing Effects of CBDCs
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(00:46:12) \u2013 The Pros and Cons of a CBDC for the Fed
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(00:53:23) \u2013 Responding to Pro-CBDC Arguments
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(00:59:05) \u2013 Recommendations for the Future of CBDCs
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(01:01:92) \u2013 Outro