Paul Krugman argues that the U.S. should adopt a "partial CBDC" and points to Brazil as the example to emulate. Specifically, he points to Pix.

Has he really not heard of FedNow?

He says the "financial industry just has too much power, and would never allow a public system to compete with its products."

Again, has he really not heard of FedNow? Or for that matter, the Fed's check and ACH services?

Frankly, it's also strange that Krugman criticizes concerns about CBDCs but makes no mention of the fact that Pix was forced on people. The government forced banks to adopt it.

For anyone interested in what's happening with Brazil's actual CBDC work. The HRF CBDC Tracker has you covered.