Opinion: The Fed is both too cautious about digital dollars, and too nonchalant about private cryptocurrencies
CAMBRIDGE, Mass. (Project Syndicate)—Many countries’ governments, most notably China’s, are continuing to experiment with central bank digital currencies (CBDCs). Money 3.0 is moving full speed ahead, and with its recent white paper, titled “The US Dollar in the Age of Digital Transformation,” the Federal Reserve, a conspicuous laggard, has finally started to weigh in, if … Read more