Digital Currency: The Fed Moves Toward Monetary Totalitarianism – LewRockwell

The Federal Reserve is sowing the seeds for its central bank digital currency (CBDC). It may seem that the purpose of a CBDC is to facilitate transactions and enhance economic activity, but CBDCs are mainly about more governmentcontrolover individuals. If a CBDC were implemented, the central bank would have access to all transactions in addition to being capable of freezing accounts.

https://www.lewrockwell.com/2022/12/no_author/digital-currency-the-fed-moves-toward-monetary-totalitarianism/

André Marques

The Federal Reserve is sowing the seeds for its central bank digital currency (CBDC). It may seem that the purpose of a CBDC is to facilitate transactions and enhance economic activity, but CBDCs are mainly about more governmentcontrolover individuals. If a CBDC were implemented, the central bank would have access to all transactions in addition to being capable of freezing accounts.

It may seem dystopian—something that only totalitarian governments would do—but there have been recent cases of asset freezing inCanadaand