Federal Reserve System Takes First Step Toward Creating Its Own Digital Currency

Federal Reserve System Takes First Step Toward Creating Its Own Digital Currency

While the Paper examines the potential benefits and risks of a U.S. CBDC, it is not intended to advance any specific policy outcome, nor is it intended to signal that the Fed will make any imminent decisions about the appropriateness of issuing a U.S. CBDC. However, the Paper undoubtedly is the Fed’s first step toward central bank digital currencies via a public discussion with its stakeholders.

What Kind of Threat Is China?

Book review of “America and the China Threat: From the End of History to the End of Empire” by Prof. Paolo Urio

The “brutalist philosophy” of the US was made public (曝光) by Robert Daly, a former US diplomat stationed in Beijing, in 2015. Currently, he is the director of the Kissinger Institute on China and the United States. No diplomatic niceties here, Daly frankly states the policy of the US: China must never reach the level of the US.

What Kind of Threat Is China?