Facebook Wants to Become the World’s Banker—and Congress Isn’t Paying Enough Attention

Despite the company’s plan to issue its own currency, lawmakers haven’t grasped the threat this poses to the world’s economy.

by

The American Prospect depends on reader support

If you are scraping by right now, please don’t give us anything. But if you have the ability to support independent, non-profit journalism, we are so grateful. Your voluntary contribution helps keep this website paywall-free. You can sign up as a subscriber with a range of benefits, including an opt-in to receive the print magazine by mail.

Click to View Subscriber Levels: IDEAS, POLITICS & POWER