Central bankers getting slightly smarter

Former FDIC chair: The Fed needs to get serious about its own digital currency

Sheila Bair a former Fed board official spouts on digital fiat.


I notice the central banker have figured out what crypto means and does not mean. In the last two opinions coming from central bankers I discovered they have figured out that what a bearer asse is. They accept that digital money is an exact reduplicate of paper money, cash in both situations. A start.


Otherwise, digital systems do not make central banks safer. Central banks are safe when central bankers understand how S&L trading pits work.