“One of the most fundamental questions is over civil liberties. Once central bank digital currency supplants physical cash, then governments could have the power – if not the legal right in many countries – to view and even control and censor who can use their own money”
“The ECB needs to be careful to not create a situation where people do the opposite of what is expected when we reach the so-called reversal rate. This could lead some banks, when margins are tighter and regulatory requirements higher, to buy back their shares rather than lend more”
“The banks – which is where Brazilian savings are – have no interest in having an educated population. The more educated the population gets, the more they want to escape from the banks; by providing education, we make people reflect”
