2 ms·
> There's a pretty big difference between the introduction of a CBDC (essentially just a government bank account + debit card) and the deprecation of cash such
by jbay808 5y ago
> There's a pretty big difference between the introduction of a CBDC (essentially just a government bank account + debit card) and the deprecation of cash such that the CBDC is the ONLY way you can transact.
It seems perfectly obvious to me that the main intent of a CBDC is to deprecate cash. This allows infinite stimulus through arbitrarily negative interest rates, which could prevent the stock and real estate markets from ever crashing.
- hellojesus 5y agoCorrect. Also consider Civil Asset Forfeiture. The government has already made it infinitely risky to carry in excess of $5k cash on your person. TSA gets kickbacks from DHS for tipping them off when you carry large amounts of cash via carryon.