麻豆AV

Danielle Smith is running for the leadership of Alberta鈥檚 United Conservative Party, and could become Alberta鈥檚 next premier. But Smith is campaigning on a platform that includes internet conspiracy theories. In a newsletter, she cautioned that Canada鈥檚 currency could be replaced with an international common digital currency, and the federal government could use it to 鈥減unish and reward鈥� Canadians. But that鈥檚 not very likely, according to Mo Chaudhury, an Assistant Professor of Finance at Desautels. This type of conspiracy theory assumes that governments and central banks work together, but the two function independently. 鈥淏y and large, central banks do not take orders from federal governments,鈥� Chaudhury says. He posits that the scenario Smith lays out could only happen if central banks ceased being independent of the federal government. Assistant Professor of Finance Katrin Tinn also suggests models for CBDC to strike a balance between the privacy and usefulness of a digital currency.