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A review by rossbm
The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance by Eswar S. Prasad
3.0
(read as ebook)
A decent review of recent financial innovations. Having being published in 2020, it was pretty relevant. A good explanation of cryptocurrencies/blockchain, but perhaps a bit too dismissive of non-government cryptocurrencies. Very much focused on Central Bank Digital Currencies (CBDCs). I think that the book was originally intended to be about CBDCS, but was expanded to cover more things. Very bullish on CBDCs.
Book got a bit repetitive, especially on CBDCs. Wish it had addresses the privacy implications a bit more. Good point that it's a bit absurd to expect the government to support physical cash simply so people can keep transactions private from the very government that is creating and backing the cash. Criminals that want to transact with each other should be forced to come up with their own currencies or methods of accounting, instead of benefiting from the very government they are undermining.
A decent review of recent financial innovations. Having being published in 2020, it was pretty relevant. A good explanation of cryptocurrencies/blockchain, but perhaps a bit too dismissive of non-government cryptocurrencies. Very much focused on Central Bank Digital Currencies (CBDCs). I think that the book was originally intended to be about CBDCS, but was expanded to cover more things. Very bullish on CBDCs.
Book got a bit repetitive, especially on CBDCs. Wish it had addresses the privacy implications a bit more. Good point that it's a bit absurd to expect the government to support physical cash simply so people can keep transactions private from the very government that is creating and backing the cash. Criminals that want to transact with each other should be forced to come up with their own currencies or methods of accounting, instead of benefiting from the very government they are undermining.