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Digital Dollar

Posted in uncategorized with tags on April 15, 2022 by andelino

Adopting a central bank digital currency is a surefire path to authoritarianism.

The Communist Party of China launched its pilot digital yuan earlier this year, so now the United States wants a digital currency of its own. This is why Joe Biden signed an executive order on March 9 instructing his administration to study digital assets and propose ideas on how to launch a U.S. Central Bank Digital Currency. The Federal Reserve believes such a digital dollar would make payments cheaper and easier for consumers. This is likely true, yet a digital dollar would also reduce individual liberty and give the federal government significantly more control over the national economy.

Read more at “Beware Biden’s Push for a Digital Dollar”

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