CBDC By All Means
Central bank digital currency (CBDC) alone will neither create authoritarianism nor democracy. It is the rule of law as the strategic institution that determines the nature of CBDC. We should have patience as many things in CBDC have not been set in stone. The best principles are institutional inclusiveness and efficiency in transition. A hybrid CBDC model seems to be the best path to balance public and private safety and privacy, to lead to institutional inclusiveness and transitional efficiency. …