In other words: IF the US raises corporation tax by a third, AND that doesn’t scare away any corporate profits, AND the government eliminates its spending deficit immediately, THEN it could pay off its debt EXCLUDING interest in 350 YEARS.

Writing in the Financial Times (paywall), the Bank of England says stablecoins & CBDCs will make payments efficient and global. Innovate, tokenisation, efficiency, global: lame reasoning obfuscated by jargon. The real reasons (not mentioned): - stablecoins can hugely increase sovereign debt markets -CBDCs can greatly increase surveillance & control