central bank digital currency debt Scott Sumner Tyler Cowen A free market case for CBDC? Central bank digital currency, or CBDC, is a form of highly-liquid digital debt…
cash Friedman rule fungibility George Selgin Greg Mankiw Marvin Goodfriend Miles Kimball nominal interest rates scrip shoe leather costs Tyler Cowen Paying interest on cash Freigeld , or stamp scrip, is designed to pay negative interest, but it can be …
anonymity cash censorship resistance Fedcoin Narayana Kocherlakota Tyler Cowen Central banks shouldn't ignore their duty to provide anonymity Cross section of a banknote with a cotton paper core surrounded by two layers o…