On the recordJune 14, 2021
I don't think we want to fully take over the banking system.
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congress.govI don't think we want to fully take over the banking system.
Gonzalez expresses concern about the digital dollar's impact on retail banks.
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A very robust set of regulation, akin to bank-like regulations, would solve a bank-run type of instability, yes.
I would argue that relative greed amongst corporations is pretty stable over time. It is sort of silly as an explanation for inflation.
Quality of reserves, liquidity, transparency, redemption rights, these are the sorts of things we should be talking about when we are talking about well-regulated stablecoins.