Everything You Need to Know About FedNow

11 months ago
44

David Brady Jr. discusses his recent article at Mises.org, in which he argues that the newly launched "FedNOW" system isn't a CBDC. Even so, there are dangers from FedNOW, such as exacerbating bank runs. David also explains the new Mises Apprenticeship program, of which he is a member.

David's Article on Mises.org: https://Mises.org/HAP406a
George Selgin Cato Article on FedNow: https://Mises.org/HAP406b

Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: https://Mises.org/Nashville23

Chapters
00:00 Against Our Limitless Regime
01:00 Introduction
01:54 What is FedNow?
06:05 FedNow and Commercial Banks
10:35 Do Private Banks want a CBDC?
14:22 Does FedNow Bring Us Closer to a CBDC
15:53 FedNow as an Alternative to Digital Currency
21:13 Should You Be Worried about FedNow?
28:02 Reserve Requirements and Interest on Reserves
36:15 What Banks Can Use FedNow?
44:42 Mises University and the Mises Apprenticeship Program

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