Whenever I see the digital euro I am thinking that it is kind of pointless. The ECB would be better off introducing a demurrage version of the Euro and encourag

Whenever I see the digital euro I am thinking that it is kind of pointless. The ECB would be better off introducing a demurrage version of the Euro and encourage governments to pay welfare benefits and corporate bailouts with the demurrage Euro. That way the government money will actually benefit more people than just the immediate recipients. It will also help reduce government debt since private sector assets are public sector liabilities. Rich people don't want to be less rich and they hold at least 10% of their assets liquid and force the central bank to do QE to perform the duration transformation (which means everyone directly or indirectly holds government bonds either way). The classical paradigm of the government issuing infinite duration money to the public is a one way ratchet. It's actually pretty insane to me that so many people think that a fundamentally broken system can be fixed by "holding it right". I mean look at the Trump administration promising reductions in debt through spending cuts and then end up with even more debt.