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-SAFacebook’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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