CBDC: The Power and the Profit https://clintballinger.com/2021/08/22/cbdc-the-power-and-the-profit/ Created Sun, 22/08/2021 - 15:01 The payments system is merely a technical and bookkeeping question, mundane in the end. The idea of operating it with only reserves puts in stark relief a far more important question: What is the point of banks at all?