The Threat of a Central Digital Currency | Guest: Rep. Warren Davidson | Ep 218

1 year ago
11

Cryptocurrency has the potential to liberate millions of people from the government’s money system, but there are some who want to use that very tool for evil instead of good. Matt Kibbe talks to Rep. Warren Davidson (R-Ohio) about the possibility of the Federal Reserve creating its own digital currency that would be controlled by the federal government. In addition to being prone to massive inflation, a central bank digital currency would be used to track your every purchase and could be denied to people who behave in ways that the state deems undesirable. In Canada, truckers were locked out of their bank accounts for protesting COVID policy. Imagine if Justin Trudeau had the ability to deactivate the very dollars in their pockets as well.

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Kibbe on Liberty is a weekly podcast with libertarian author, economist, and community organizer Matt Kibbe. As the president of Free the People, Kibbe has decades of experience in the libertarian political sphere, but in these troubled times he believes that open dialogue is needed to bring people together. This means being willing to talk, and especially listen, to those with whom we might not always agree, trying to understand perspectives that might otherwise be foreign to us.

Kibbe on Liberty's growing roster of guests includes politicians, economists, comedians, writers, radio personalities, activists, journalists, and even a magician or two—with topics of conversation ranging from current affairs to craft beer and the Grateful Dead. So grab a cold one, and settle in for the next hour of Kibbe on Liberty, mostly honest conversations with mostly interesting people.

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