Econ Cafe
A lively conversation about today's news for economics students. In the length of a cup of coffee, Michael Mandel (author of "Economics: The Basics") and Sean Flynn (co-author of "Economics: Principles, Problems, and Policies" and "Economics for Dummies") cheerfully tackle the current events questions that economics students (and those that wish they were economics students) might be wondering about.
Econ Cafe
Will Central Banks Adopt Digital Currencies?
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Michael
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Season 1
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Episode 3
Bitcoin and other "cryptocurrencies" are getting a lot of attention these days. Will central banks like the Federal Reserve adopt their own digital currencies?
Michael Mandel interviews Steve Cecchetti and Kermit Schoenholtz, authors of the textbook, Money, Banking and Financial Markets, about the plusses and minuses of central bank digital currencies. They explain the economics central bank digital currencies, and why they are a bad idea for most countries.