Public and Private Money Can Coexist in the Digital Age

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Public and private money should not be looked at as competing with one another, but instead as potential partners. The authors argue that public and private money have previously been considered to be in a tug-of-war, each trying to gain majority-usage. Instead, it is put forth that a “symbiotic relationship” is needed; with public money representing “stability and efficiency”, and private money spurring “innovation and diversity”, the two form a natural equilibrium that keeps each in check. Read full article here

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