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 Mandelinterviews 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.
