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A Fed-issued digital dollar could print money – for the people
- Turing_Machine 5y agoAn op-ed from a former FDIC Chair and former Assistant Secretary of the U.S. Treasury for Financial Institutions
- Andys 5y agoWhen CBDC comes, it will surely be firmly attached to basic income.
- yesbut 5y agoNo thanks.
- l332mn 5y agoThe wild amounts of dollar printing can't continue once the dollar loses its status as world reserve currency, which is happening as we speak as other major nations are gradually moving away from the dollar as a medium for mutual exchange of goods. The national debt continues to haunt the US, and will become an extremely oppressive force on the economy in the future. These plans sounds like a fairy tale. The financial strategy during covid will eventually become off-limits, so long as US remains dependent on import of goods. The US economy will eventually require a complete overhaul, which will be a nightmare for the US, and probably for the rest of the world as well.
- deleted 5y ago[deleted]
- gus_massa 5y agoHow is this better than a normal free bank account for everyone? What is the advantage of using a digital ledger for this?
- landemva 5y agoNo more cash, so government can track your spend and where you spend. And govt/court can halt your account.