# Central Bank Digital Currency (CBDCs) ### Inherit the problems inherent in [[Central Banking]] [[Alex Gladstein]] [Tweet](https://twitter.com/gladstein/status/1478605316589699074?s=20) in response to [[George Selgin]] questioning the effectiveness of [[Central Banking]] If you happen to be in the 13% born into a country with a reserve currency and a liberal democracy, then maybe [central banking would be a good idea]… but not such a great situation for the other 87% of humans, especially as we head towards CBDCs