The big picture: The Fed and central banks around the world are responsible for overseeing and stabilizing the world’s money supply, but most are at risk of being left behind in this new phase.
What's happening: While a future without cash may seem distant in the U.S. — where more people write checks than use digital payments and there is a rising demand for dollars — the rest of the world is going there.
Yet the Fed is being "exceptionally cautious" in its possible development of a U.S. digital currency, Brainard, the Fed's leading financial authority — and a former undersecretary at the Treasury Department — told Axios during Wednesday's event.
|Consequences what happens when America's richest programmer bill gates reviews Ezra Vogel- Asia-America's kindest connector.|
.. Macraes' last 100 trips to Asia - they started with dad Norman Macrae teen serving in allied bomber command (today's Myanmar)-
The Economist became min diary of Norman Macrae's half century of asian trips from Myanmar 1943 on- we archive that at normanmacrae.net economistjapan.com; connection of my 50 trips with 5 generations of my family in Asia only made full sense from 2001 and mostly
15 trips to Bangladesh thanks to interviews with Fazle Abed & friends 1 2 3 and young chinese scholars at his 80th birthday filled most gaps EconomistPoor.com .. Asia trips 1 to 51 india -1-3 1984-2004; indonesia 4-7 (1982-1994) ; singapore 8-10 (1982-1992) japan (11-17) 1985-2013; thailand (18.19) 1984-1995 ; malaysia (20-21) ; 1993 korea (22-23); 1990-2017 bangladesh (24-39) 2007-2018;
dubai (40,41) 2015,6; qatar(42) 2017; china (43-50) 2016-2019 hong kong 51 (1996) like 7 members of my scotttish family tree i have enjoyed the huge privilege of learning more about advancing the human lot from the two thirds who are asian than my own race caucasian
Thursday, October 17, 2019