⚡️🇪🇺 ARCHIVE - European Central Bank president Christine Lagarde admits that central bankers risk becoming obsolete without CBDCs.

"If we are not involved in experimenting, in innovating, in terms of digital central bank money, we risk losing the role of anchor that we have played for many, many decades."

"We have historical examples of periods where the central bank monetary anchor was not there... Do we want to go back to those days? Probably not. I would say certainly not from our vantage point."

https://blossom.primal.net/a83ec3c4984c96550039d4d9405d018af43a8451dd256c746ccd8533b3385f13.mp4

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It was during a hearing at the European Parliament on March 27, 2023, where Lagarde emphasized the role of CBDCs in preserving the monetary anchor of central banks.

is the anchor in the room with us?

The role of anchor she's referring to is the role of holding back the progression of society. Capturing the productivity gains created by capitalism, through inflation of the money supply.

The role of anchor she's referring to is the role of holding back the progression of society. Capturing the productivity gains created by capitalism, through inflation of the money supply.

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