Sorry, Your Money Has Expired. Expiring Digital Money By Aplanetruth

Sorry, Your Money Has Expired. Expiring Digital Money By Aplanetruth

World Bank Expiring Money

Programmable money is smart money, says the World Bank.

Would you like a Lobotomy to help you decide if Central Bank Digital Currency is right for you?

Expiring Money (Part I)

https://blogs.worldbank.org/allaboutfinance/expiring-money-part-i

Expiring money, one whose value falls to zero after a specific date, is a potential monetary policy tool 

Programmable money is smart money

Expiring Money (Part II)
NOVEMBER 07, 2022

https://blogs.worldbank.org/allaboutfinance/expiring-money-part-ii

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DON'T LOOK AT YOUR COMING ENSLAVEMENT

In Part I of this post, we discussed “expiring” digital cash as a possible type of programmable money, which a central bank (in coordination with government) could issue and distribute to people during severe recessions or events like pandemics or calamities, when higher uncertainty makes people spend less. We argued that the instrument could be a most powerful policy tool — one that would resemble what economist Milton Friedman called “helicopter money” — an imaginative expression describing efforts to stimulate consumption by dropping newly created money to people free of charge.

“Hyperbolic” helicopter money

Expiring money conflates monetary and fiscal policies into one single instrument — as helicopter money does  — making it possible to create purchasing power (what monetary policy typically does) and transfer it to particular people