While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse.
Original Article: “FedNow Isn’t a CBDC, but It Is Dangerous”
You May Also Like
Editor's Pick
Gene Healy Last week, the New York Times ran a front-page story admiring President Biden’s political acumen on culture-war issues (“Biden Sidesteps Any Notion...
Editor's Pick
Jeffrey A. Singer The Food and Drug Administration announced this morning that it has granted marketing approval for the over‐the‐counter sale of one type...
Editor's Pick
You’re driving on a two-lane road and see cars headed your way. Do you drive off the road to protect yourself or your family?...
Editor's Pick
Jeffrey A. Singer On the same day that the Food and Drug Administration allowed women over‐the‐counter access to one progestin‐only birth control pill, Rep....