A former colleague once described the payments departments of central banks as the sort of place staff were sent when they had done something really bad. Facebook probably didn’t foresee when it was dreaming up Libra that it would change all that. One of the big takeaways from this year’s International Monetary Fund and World Bank annual meetings was that, as ill-designed as it was and as ill-fated as it now seems, Libra has global economic officialdom terrified. Read More...
A former colleague once described the payments departments of central banks as the sort of place staff were sent when they had done something really bad. Facebook probably didn’t foresee when it was dreaming up Libra that it would change all that. One of the big takeaways from this year’s International Monetary Fund and World Bank annual meetings was that, as ill-designed as it was and as ill-fated as it now seems, Libra has global economic officialdom terrified.
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