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1. PROTECTING THE SOVEREIGN'S MONEY MONOPOLY.

Author

Gorton, Gary B. and Zhang, Jeffrey Y.

Subjects
*SOVEREIGNTY, *MONOPOLIES, *COMMERCIAL crimes, *DIGITAL currency, *ALTERNATIVE currencies
Abstract

The article focuses on the implications of stablecoins and their potential coexistence with sovereign money, advocating against such coexistence to maintain financial stability and monetary sovereignty. Topics include the historical context of sovereign money monopolies, the economic arguments against stablecoin coexistence, and legislative proposals aimed at regulating stablecoins versus creating sovereign digital currencies.

Published
2024

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