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> I want the pendulum to swing the other way. Everybody gets and gets to keep forever an account at the Reserve Bank. Overhauling the financial system to ensur
by mattdesl 3y ago
> I want the pendulum to swing the other way. Everybody gets and gets to keep forever an account at the Reserve Bank.
Overhauling the financial system to ensure that citizens cannot have their accounts revoked on a whim sounds like a nice pipe dream. I am cynical we will ever see that in our lifetime, as countries prefer to have full control over their citizen's wallets (e.g. see Canada enacting Emergencies Act to curb protests).
- dwighttk 3y agoAlso doesn’t help noncitizens like ggg(however many,top of the thread)p
- suoduandao3 3y agoin a multipolar world though, a country being able to do that weakens the currency severely in international markets. countries may like keeping their populace under their thumbs, but they may have overriding concerns - at least that's my hope.