With everything which has been going on in the world recently, from a terrifying heat dome emerging in North America to England making it to their first Euros final, it can be forgiven that speeches from key economic figures exploring the potential end of the monetary system as we currently know it flew under the radar.
Over the past couple of weeks, both former Bank of England governor Mark Carney and outgoing Bank of England chief economist Andy Haldane gave speeches in which they spoke more frankly than ever about the opportunity for transformational change offered by a central bank digital currency (CBDC).
Speaking at a Bank of International Settlements conference last Monday, in what might be his most radical speech yet, Mark Carney (now Boris Johnson’s finance advisor for COP26, among other things) astutely noted the flaws of commodity theories of money behind ideas like the gold standard and Bitcoin, and instead called for money to “be inclusive and promote solidarity.” In words that would have been unthinkable when he was governor of the Bank of England, it was welcome to see Carney say “Promoting solidarity means never
— source positivemoney.org | Simon Youel | 12 Jul 2021