... to spending owing to support payment provided by governments. There is disagreement about what to do in response: whether central banks should continue to respond with increases in interest rates, and whether there is a role for selective wage and price controls. Above all, there is disagreement about how...

... that digital currencies will be part of that future. But cryptocurrencies like Bitcoin are too volatile to possess the essential attributes of money. Stablecoins have fragile currency pegs that diminish their utility in transactions. And central bank digital currencies are a solution in search of a problem...