While FedNow seems benign, there is the&nbsp;larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse.

Original Article: <a href="https://mises.org/wire/can-fractional-reserve-banking-survive-twenty-first-century" target="_blank">"</a><a href="https://mises.org/wire/fednow-isnt-cbdc-it-dangerous" target="_blank">FedNow Isn't a CBDC, but It Is Dangerous"</a>

While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse. Original Article: "FedNow Isn't a CBDC, but It Is Dangerous"{ai:summary}<p>The FedNow system may appear harmless, but it exacerbates the underlying fragility of the banking system, built on unstable ground. #economy</p>

FedNow Isn't a CBDC, but It Is Dangerous

Loading...