Name: CBDCs are a totalitarian's wet dream; enable govt to dictate spending ability.
Uploaded: 2023-10-25T01:04:59+00:00
Duration: 36 s
Description: Speaking at the WEF, former head of the IMF's China division, Eswar Prasad: CBDCs will be programmable, in a way that will enable governments to dictate how, when, where, on what and by whom they can

7 months ago

231

Speaking at the WEF, former head of the IMF's China division, Eswar Prasad: CBDCs will be programmable, in a way that will enable governments to dictate how, when, where, on what and by whom they can be spent, including the imposition of expiry dates.

CBDCs are a totalitarian's wet dream, and would enable governments to centrally enforce tyrannical policies on an industrial scale—at the flick of a switch—without the need for human enforcement agents.

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