Jeff and Dr. Murphy discuss a recent interview with IMF economist Manmohan Singh in the context of central banks co-opting digital technology for bad ends.
Find Manmohan Singh’s Interview: https://Mises.org/HAP-Singh
Janet Yellen, "I was wrong about inflation": https://Mises.org/HAP-Yellen
Kristoffer Hansen on the basics of central bank digital currencies: https://Mises.org/HAP-Hansen
Block and Barnett on Maturity Mismatching: https://Mises.org/HAP-BlockBarnett
00:00 Introduction
00:26 Yellen on Inflation
02:04 Stablecoins Overview
03:47 What are Stablecoins?
08:39 How Stable are Fixed Exchange Rate Stablecoins?
13:04 Central Bank ‘Digital Currencies’
20:33 Seigniorage in a Digital Currency Economy
25:36 ‘FinTech’ and Stablecoins
29:18 How Much Actual Money is There?
35:24 Regulation and Stablecoins