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A comment on Bank of England to explore a potential Central Bank Digital Currency. Parent comment

Re:Bank of England to explore a potential Central Bank Digit... by rvense on Monday April 19, 2021 @10:43AM (#26863267)
It's also just a control thing. When private enterprises control (and create) money, they will do so based on their own interests. These might not align with the best interests of society at large.
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Re:Bank of England to explore a potential Central Bank Digit... by yunesj on Monday April 19, 2021 @01:14PM (#26865289)
Is it really your experience that the market fails to cater to the interests of the people, and politicians are uniquely capable of it?

Politicians can’t print a dollar without abusing it to promote religion (“In God We Trust”), funding war, or handing it out to get reelected.

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Re:Bank of England to explore a potential Central Bank Digit... by aww_dang on Monday April 19, 2021 @01:57PM (#26865947)
Removing "payable to the bearer on demand" seems especially relevant.
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Re:Bank of England to explore a potential Central Bank Digit... by lainga on Monday April 19, 2021 @12:10PM (#26864367)
Well, in Keynesian analysis, the private enterprises are supposed to create money. The gov't manages how much they create though reserve requirements.
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Re:Bank of England to explore a potential Central Bank Digit... by eruleman on Monday April 19, 2021 @01:00PM (#26865061)
"As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. "

https://www.federalreserve.gov/monetarypolicy/reservereq.htm

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