Kevin Dowd
Totalitarian Money?: The Case against Central Bank Digital Currencies
Totalitarian Money?: The Case against Central Bank Digital Currencies
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- More about Totalitarian Money?: The Case against Central Bank Digital Currencies
Kevin Dowd's Totalitarian Money? provides a comprehensive critique of proposals to establish CBDCs (central bank digital currencies) around the world. He argues that they are economically inefficient, as they provide no benefits that cannot be obtained by other means. He explains why CBDCs are dangerous to financial stability and personal freedom as they enable digital currency to be weaponised against people to comply with the political or social agendas of those in control. Dowd reveals that, despite being promoted by central banks as the next 'big thing', public demand for CBDCs is negligible and they have been rejected by the public wherever they have been introduced. Evaluating the track record of countries that have introduced CBDCs, Dowd explores the drawbacks of CBDCs and explains why the private sector is better equipped to provide a retail digital currency to the general public.
Book details
- Publication date: 9 July 2026
- Page count: 214
- Dimensions: Height 228 mm; Width 152 mm; Thickness 14 mm
- Publisher: Cambridge University Press
- Format: Paperback
- ISBN-13: 9781009758468
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