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CBDCs Threaten Privacy

Central banks worldwide are weighing the pros and cons of adopting central bank digital currencies in response to the growing popularity of cryptocurrencies. Who will benefit most from this innovation? Ultimately, central banks and governments will gain further control over private citizens, who will lose more of their privacy and freedom. ....

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Brother, Can You Spare a Renminbi?

Who deserves to be poor in modern China? One man in China’s southern Zhejiang province certainly seemed sympathetic: Each day, he pushed himself along the street on a homemade wooden skateboard, his apparently paralyzed legs tucked under his body, holding out a can to ask for spare change. But in December 2014, a reporter from Chinese state media agency Xinhua secretly ....

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