Because of bitcoin, cryptocurrency has a strong association with "free money," which is basically a dissent theory of macroeconomics that doesn't want central b

Because of bitcoin, cryptocurrency has a strong association with "free money," which is basically a dissent theory of macroeconomics that doesn't want central banks to have control. This was written by a central banker, so obviously there's a belligerence here... In any case... Idk what I think about free money. Macroeconomics is hard. OTOH, I think cryptocurrencies have other disruptive potential even if we want to keep our current macroeconomics, central bank control over interest rates. It's the kind of technology that turns a £100bn industry into a £1bn one. There are several clunky inefficient financial services sub-industries that could potentiall be digitised by good implementation of blockchain tech. The problem is too-big-to-fail. Besides actual central banking, does Christine Lagarde see her job as protector of the financial services industry? If so, she's going to build bureaucracy that maintains the status quo.