[LINK] Central Bank Digital Currency (CBDC)
Tom Worthington
tom.worthington at tomw.net.au
Wed May 17 08:37:02 AEST 2023
On 16/5/23 13:23, David wrote:
> solidly founded on the national asset-base ...
Do any national currencies have an asset base? Isn't it all fiat money
now? That is, an Australia dollar is worth whatever someone is prepared
to exchange it for. The Australian government doesn't guarantee to give
you gold, or anything else, in exchange for it.
--
Tom Worthington http://www.tomw.net.au
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