News

Tue Jun 25

Facebook's Libra plan: talk of the demise of central banks is greatly exaggerated

Written by John Hawkins, Assistant professor, University of Canberra

Facebook co-founder Chris Hughes fears the Libra currency would insert a 'powerful new corporate layer of monetary control between central banks and individuals'.Gerd Altmann/Pixabay, CC BY-SA

Facebook’s proposed new digital currency, if even modestly successful, will hand over much of the control of monetary policy from central banks to...

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