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If you don't have the right to determine how you will use your money, as you see fit, it's not your money anymore. Governments can just piggyback on your work
by 127 5y ago
If you don't have the right to determine how you will use your money, as you see fit, it's not your money anymore.
Governments can just piggyback on your work as much as they want. The productive portion of the people can be enslaved for the benefit of the political and the managerial class, with some alms to the poor so they will vote for the right candidates.
- christophilus 5y agoYep. It's rent-a-dollar. Even today's physical dollars are only rented. If the FED doubles the money supply overnight, they've essentially taken some of your wealth. But the difference is, with a digital currency, they can be selective and targeted. It's difficult for me to see this as anything other than a net negative.