Economist Richard Holden on his AI optimism and the case for major tax reform
The UNSW professor isn't giving up on grandfathering negative gearing, overhauling the tax system... or getting academic economists taken more seriously in Australian discourse.
Richard Holden has a pitch for the US government. He thinks it should introduce a central bank digital currency (“fedcoin”) and beat China — or a large corporation like Amazon, Google or Apple — to the punch.
That’s the central topic of his newly released book Money in the 21st Century, which he drafted in 30 days. In it, he describes a cashless future where the world order may be reshaped by the race to a dominant CBDC.
“In a world of smart contracts, digital money has a greater role than traditional money, and the country (or other entity) whose digital currency becomes the global reserve currency will wield even more power than the United States does today,” Holden writes.
Holden spends a good deal of time, personally and professionally, contemplating these types of global issues.
