5 min read.Updated: 09 Sep 2021, 01:00 PM ISTJames Mackintosh, The Wall Street Journal
If people can’t hoard physical money, it becomes much easier to cut rates far below zero
Investors have been ignoring progress toward government-issued electronic money, even as many countries are progressing rapidly toward their own online cash. They should ask two questions: Will the Federal Reserve issue a digital dollar? And will it eventually replace physical bank notes?