A Chinese digital currency is the real threat, not Facebook’s Libra | Kenneth Rogoff

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Western governments need to start thinking about their response to currencies they cannot control The Facebook chief executive, Mark Zuckerberg, was at least half right when Congress that there measures were quickly lifted. For Russia, sanctions have been in place … Continued

Libras critics are missing the forest for the trees

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Nik Milanovic proposed stablecoin. jumped shipdirect pressureturned intoassailedannouncedCritics, though well-intentioned, are missing the forest for the trees. Governments should heed the lesson of the U.S.-Soviet space race of the 1970s and use the idea behind Libra, if not the project … Continued

How the wheels came off Facebook’s Libra project

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Support for Mark Zuckerbergs mission to reshape global finance is slipping away slowly but surely When quit in dramatic fashion in recent weeks, including PayPal, eBay, Visa and Mastercard, as concerns mount. One by one theyre starting to drop away. … Continued