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Nothing indicates that Facebook would have a better track record in controlling monetary policy (which is admittedly pretty hard), and at least central banks ar
by gjulianm 7y ago
Nothing indicates that Facebook would have a better track record in controlling monetary policy (which is admittedly pretty hard), and at least central banks are under clear regulations and guidelines.
Furthermore, Libra would have incentive to move the policy towards further profit for the members, while central banks have incentives to stabilize the economy.