348 - The Road to Dystopia is Paved with CBDCs

In every dystopian novel or movie I can think of there is either an oppressive government or not functioning government at all. As we travel this road of life, we should be asking ourselves, does this head to more liberty or more control? Take for example Central Bank Digital Currencies, or CBDCs for short. Would this new currency allow Americans more liberty or would it give government more control of our lives. To understand this, we first need to look at what are CBDCs. Then we can look at both sides of this preverbal digital coin and decide for ourselves, do the benefits outweigh the costs.