Exploring the Risks of Central Bank Digital Currencies

Interest in central bank digital currencies (CBDCs) has dramatically increased over the past few years. What was once limited to passing ideas in academic papers has now become a leading policy discussion. Yet with it has also come a growing concern for the future of freedom. Will CBDCs spell doom for financial privacy? Do they pose a fundamental threat to the banking system? And how should policymakers think about the future of money?

The Cato Institute is pleased to welcome Representative Tom Emmer (R‑MN) to provide an opening address as the first member of Congress to introduce legislation prohibiting the Fed from launching a retail CBDC. Following Rep. Emmer’s address, Norbert Michel, vice president and director of the Center for Monetary and Financial Alternatives at Cato, will moderate a panel discussion with Greg Baer, Christina Skinner, Christian Kameir, and Nicholas Anthony. Come join us on March 9 for this important conversation.

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