Excerpt:<\/em><\/p>\nAfter months of delay, the Federal Reserve\u2019s much-awaited report on a digital dollar could be out soon. Federal Reserve Chairman Jerome Powell told the Senate Banking Committee Tuesday that the white paper on a planned central bank digital currency (CBDC) is \u201cready to go,\u201d possibly in weeks.<\/p>\n
But don\u2019t expect a detailed blueprint for an American CBDC. The white paper will be more of \u201can exercise in asking questions\u201d about how the digital dollar should work, Powell said.<\/p>\n
And there are plenty of questions. Some have already sparked a heated debate: How should consumers gain access to the digital dollar? And how much control should the Fed have?<\/strong><\/p>\nWill a digital dollar lead to \u201cdigital authoritarianism\u201d?\u00a0<\/strong>That\u2019s one of the biggest fears about a digital currency: a Big Brother future where the Fed has the power to track how people spend their money.<\/p>\n","protected":false},"excerpt":{"rendered":"From DSC: Should Economics classes be looking at the idea of a digital dollar? The battle for control of the digital dollar — from protocol.com Excerpt: After months of delay, the Federal Reserve\u2019s much-awaited report on a digital dollar could be out soon. Federal Reserve Chairman Jerome Powell told the Senate Banking Committee Tuesday that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[113,115,302,306,285,309,201,330,321],"tags":[],"class_list":["post-78393","post","type-post","status-publish","format-standard","hentry","category-21st-century","category-colleges","category-community-colleges","category-economics","category-legislation-legislatures","category-platforms","category-policy","category-political-science","category-united-states"],"_links":{"self":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/78393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=78393"}],"version-history":[{"count":3,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/78393\/revisions"}],"predecessor-version":[{"id":78396,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/78393\/revisions\/78396"}],"wp:attachment":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=78393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=78393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=78393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}