Re:France and Germany Agree to Block Facebook's Libra
by gjulianm on Saturday September 14, 2019 @04:25PM
(#20973525)
Nothing indicates that Facebook would have a better track record in controlling monetary policy (which is admittedly pretty hard), and at least central banks are under clear regulations and guidelines.
Furthermore, Libra would have incentive to move the policy towards further profit for the members, while central banks have incentives to stabilize the economy.
Furthermore, Libra would have incentive to move the policy towards further profit for the members, while central banks have incentives to stabilize the economy.