This is a revolutionary sentiment that may be felt by some people— but you would not expect the United States Treasury and the Federal Reserve embrace these ide

This is a revolutionary sentiment that may be felt by some people— but you would not expect the United States Treasury and the Federal Reserve embrace these ideas. If you believe that the banking industry is predatory, you shouldn’t hope for a disruption like this. The US banking industry is among the most competitive in the world, with thousands of institutions competing for your business. If you don’t like the fees charged by the big banks, you can find a credit union or community bank that will give you a better deal. If a digital dollar is released, it is these smaller institutions that will be most affected—along with consumer choice. If the U.S. Treasury and the Federal Reserve intend to undertake a revolutionary restructuring of the U.S. banking sector, they should do so in an orderly fashion, engaging in a democratic process with full disclosure of the implications of their policies.