JEL Code
E42, E58, E61, O33.
Abstract
This paper surveys the consequences of Central Bank Digital Currencies (CBDC) on personal liberty and privacy. The Central Banks’ response to the advent of Bitcoin and other cryptocurrencies has profound implications for financial intermediation, monetary and fiscal policies, financial repression, and surveillance. More than allowing for meddling with money, a CBDC may enable meddling with human free will, posing grave threats to the preservation of freedom.
Recommended Citation
Ulrich, Fernando and Zelmanovitz, Leonidas
(2022)
"The Curse of Central Bank Digital Cash,"
Journal of New Finance: Vol. 2:
No.
4, Article 2.
DOI: 10.46671/2521-2486.1025
Available at:
https://jnf.ufm.edu/journal/vol2/iss4/2
Submission Date
11-20-2021
Approval Date
11-28-2021
Publication Date
1-16-2022