Is There Too Much Privacy in Money? With Former U.S. Treasury Secretary


The global economy faces the most challenging moment since the Great Depression at a time where technologies radically redefined our relationship with money. Yet the future of our financial landscape is still uncertain. CoinDesk's Michael J. Casey and Naomi Brockwell speak with former United States Treasury Secretary Larry H. Summers on the legacy of the pandemic on the economy, the risk of the Fed’s independence, and the privacy challenges of a digital currency.

Secretary Summer argues that there is too much privacy in money already and the ability to possess, transfer and do business with multimillion dollar sums of money anonymously seems to be the least important freedoms that governments should be working to preserve.

source https://www.youtube.com/watch?v=yYJsPV5vB1A

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