Why imposition of central bank digital currency (CBDC) must be opposed: the history of money, merchant/banker evolution vs top-down imposition

Posted by bubah1mau 3 months, 3 weeks ago to Economics
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Connor O'Keefe: "Private mints began shaping the metals into coins, staking their reputations on their ability to accurately label a coin’s weight and fineness—attributes important to traders. Later, merchants figured out they could avoid the hassle of lugging heavy coins around by storing their money and trading with the deposit receipts. ,,,"
SOURCE URL: https://mises.org/wire/its-never-too-late-begin-protesting-against-proposed-central-bank-digital-currency

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  • Posted by freedomforall 3 months, 3 weeks ago
    Why waste resources on paper when they can steal electronically.
    Unless we are ready to take up arms and fight for our liberty, the banksters will continue to loot Americans and everyone else in the world as they have for more than a century.
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  • Posted by Lucky 3 months, 3 weeks ago
    The primacy of the US dollar as a 'currency of last resort' is under threat. The implications are interesting and not understood (at least by me). It may stop the ability of US Treasury to issue limitless debt. The cause is the US gov (etc) sanctions on Russia. Russia is managing quite well as are the other BRICS nations. Three cheers (make that one and a half) for Putin.
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