The Wall Street Journal: Big Brother and the Digital Dollar
Article by Daniel B. Klein in The Wall Street Journal
President Biden signed an executive order last year urging government agencies to research a potential central bank digital currency.
CBDCs are a despotic innovation, of the sort that have besieged us during the past five years—lockdowns, mask and vaccination mandates, “antiracism” policies, “green new deals,” projects to suppress “misinformation” and so on.
Opponents of tyranny have long understood how governments abuse the money supply to finance their spending. But the role that transaction-based information would play in tyranny doesn’t .....