Motion: The US urgently needs to catch up on Central Bank Digital Currency (Robert Hockett vs. Lawrence White)

Guests: Bob Hockett (twitter.com/rch371) Larry White (twitter.com/lawrencehwhite1) Host: Richard Yan (twitter.com/gentso09) Today’s motion is “The US urgently needs to catch up on CBDC.” Central Bank Digital Currencies are sort of like government-run Paypal accounts. They allow the government to do scalpel-like fiscal policies more easily, such as airdropping cash to citizens and stimulating spending. At the same time, CBDC could also allow the government to track individual spending ...