No, Money Is Not Public Good. Full Stop.
In recent years, the President of the European Central Bank, Christine Lagarde, has repeatedly claimed that money is a public good. This formulation has become one of the central rhetorical pillars of the digital euro project. When the ECB announced in October 2025 that it was moving into the next phase of this initiative, Lagarde once again emphasized: “Money is a public good. Full stop.”