Macro Musings with David Beckworth · Mercatus Center at George Mason University

Luis Garicano on the Future of Digital Money and Lessons Learned from the History of the Euro

July 7, 2025·57 min·5 clips

Why is Europe terrified that 99.75% of stablecoins are dollar-based, risking a currency mismatch?

Luis Garicano discusses the future of digital money, highlighting Europe's defensive stance against dollar-denominated stablecoins and its cautious approach to CBDCs to protect banks. He also explores the Eurozone's structural flaws, sovereign debt challenges, and necessary reforms for long-term viability, drawing from his new book on the euro's crises.

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