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“Why Central Bank Digital Currencies Are a Bad Idea” – Mises.org #silver

“Central bank digital currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments. Some say that these cashless payments will rob us of the privacy advantages of cash while exposing us to bank runs, payment network blackouts, and foreign financial adversaries…”

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Continue reading at: https://mises.org/wire/why-central-bank-digital-currencies-are-bad-idea

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1 reply »

  1. Some additional thoughts on the bizarre and difficult everyday world into which FedCoin and electronic cash will plunge us: FedCoin and Depreciating Digital Dollars: What Will An Electronic Cash Future Look Like For You? at http://www.economicswatchdog.com
    VERY strange times ahead.

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