{"id":28919,"date":"2021-05-25T13:08:19","date_gmt":"2021-05-25T17:08:19","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=28919"},"modified":"2021-05-25T13:08:19","modified_gmt":"2021-05-25T17:08:19","slug":"central-bank-digital-currency","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2021\/05\/25\/central-bank-digital-currency\/","title":{"rendered":"Central Bank Digital Currency"},"content":{"rendered":"<p>The Federal Reserve Bank has posted an article <a href=\"https:\/\/www.federalreserve.gov\/econres\/notes\/feds-notes\/central-bank-digital-currency-a-literature-review-20201109.htm\" rel=\"noopener\" target=\"_blank\">Central Bank Digital Currency: A Literature Review<\/a>.<\/p>\n<blockquote><p>\nTechnological advances in recent years have led to a growing number of fast, electronic means of payment available to consumers for everyday transactions, raising questions for policymakers about the role of the public sector in providing a digital payment instrument for the modern economy.\n<\/p><\/blockquote>\n<p>I used to think about this more simply as the Federal Reserve providing accounts directly to consumers instead of through private banks.  I thought of the Federal Reserve  Bank a the wholesaler, and the private banks as the retailer.  I think this article more or less confirms my view of it.  I don&#8217;t think of central bank digital currency as inventing some kind of new currency.  I think of it as just a change in the central bank&#8217;s business model.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve Bank has posted an article Central Bank Digital Currency: A Literature Review. Technological advances in recent years have led to a growing number of fast, electronic means of payment available to consumers for everyday transactions, raising questions for policymakers about the role of the public sector in providing a digital payment instrument [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-28919","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=28919"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28919\/revisions"}],"predecessor-version":[{"id":28920,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28919\/revisions\/28920"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=28919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=28919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=28919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}