Central Bank Digital Currencies a Foundational Threat to America’s Economic Systems

Central Bank Digital Currencies a Foundational Threat to America’s Economic Systems
Spread the love

Central bank digital currencies (CBDCs) pose a foundational threat to America’s economic systems with absolutely no upsides, according to a recent analysis from the Cato Institute, which stressed that a U.S. CBDC will threaten citizens’ “core freedoms” from financial privacy to personal liberty. Even though there are no valid reasons for the U.S. government to issue a CBDC when “the costs are so high and the benefits are so low,” significant efforts are being made by government officials and central bankers to launch the digital currency “in a bid to solidify government control over payments systems,” said the institute’s assessment report published Tuesday. “As entrenched as this effort may already be, a U.S. CBDC would ultimately usurp the private sector and endanger Americans’ core freedoms. “Therefore, it should have no place in the American economy. Congress should explicitly prohibit the Federal Reserve and the Department of the Treasury from issuing a CBDC in any form.”

Share This Post

306 Responses to "Central Bank Digital Currencies a Foundational Threat to America’s Economic Systems"

  1. The next time I read a blog, I hope that it does not disappoint me as much as this one. After all, I know it was my choice to read through, nonetheless I really thought you would have something interesting to say. All I hear is a bunch of moaning about something you can fix if you were not too busy seeking attention.

    Reply
  2. I blog frequently and I genuinely thank you for your content. The article has truly peaked my interest. I am going to bookmark your blog and keep checking for new information about once per week. I subscribed to your RSS feed as well.

    Reply
  3. Aw, this was an extremely nice post. Finding the time and actual effort to produce a really good article… but what can I say… I procrastinate a whole lot and don’t manage to get nearly anything done.

    Reply
  4. Can I just say what a relief to find someone who genuinely understands what they’re discussing on the internet. You certainly understand how to bring a problem to light and make it important. More people have to read this and understand this side of the story. I was surprised that you are not more popular since you certainly have the gift.

    Reply
  5. You are so cool! I do not think I’ve read through a single thing like this before. So nice to find somebody with a few unique thoughts on this subject matter. Really.. thanks for starting this up. This website is something that’s needed on the web, someone with a little originality.

    Reply
  6. Right here is the right web site for anybody who hopes to understand this topic. You realize a whole lot its almost tough to argue with you (not that I really will need to…HaHa). You certainly put a fresh spin on a topic that’s been discussed for ages. Great stuff, just wonderful.

    Reply
  7. Howdy! This article couldn’t be written any better! Looking at this post reminds me of my previous roommate! He constantly kept talking about this. I’ll forward this post to him. Pretty sure he will have a good read. I appreciate you for sharing!

    Reply
  8. After I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and from now on every time a comment is added I receive four emails with the exact same comment. There has to be an easy method you are able to remove me from that service? Kudos.

    Reply
  9. When I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I get 4 emails with the exact same comment. There has to be a means you can remove me from that service? Thanks.

    Reply
  10. Your style is really unique compared to other folks I have read stuff from. I appreciate you for posting when you have the opportunity, Guess I will just book mark this blog.

    Reply
  11. Hello there, There’s no doubt that your blog might be having internet browser compatibility issues. When I take a look at your website in Safari, it looks fine however when opening in IE, it has some overlapping issues. I merely wanted to provide you with a quick heads up! Besides that, excellent site!

    Reply
  12. Having read this I thought it was extremely enlightening. I appreciate you spending some time and effort to put this informative article together. I once again find myself personally spending a significant amount of time both reading and leaving comments. But so what, it was still worthwhile!

    Reply
  13. Your style is unique in comparison to other folks I’ve read stuff from. Thanks for posting when you have the opportunity, Guess I’ll just book mark this web site.

    Reply
  14. An impressive share! I have just forwarded this onto a coworker who has been doing a little homework on this. And he in fact bought me lunch because I discovered it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanx for spending some time to talk about this subject here on your blog.

    Reply
  15. An impressive share! I have just forwarded this onto a co-worker who had been conducting a little research on this. And he in fact ordered me breakfast due to the fact that I found it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending time to discuss this matter here on your website.

    Reply
  16. I really love your site.. Excellent colors & theme. Did you develop this website yourself? Please reply back as I’m planning to create my very own website and would like to know where you got this from or what the theme is named. Kudos.

    Reply
  17. I truly love your site.. Very nice colors & theme. Did you develop this website yourself? Please reply back as I’m attempting to create my own site and want to know where you got this from or exactly what the theme is called. Appreciate it!

    Reply
  18. An outstanding share! I’ve just forwarded this onto a co-worker who had been doing a little research on this. And he in fact ordered me dinner simply because I discovered it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending some time to talk about this topic here on your blog.

    Reply
  19. Greetings, There’s no doubt that your blog could be having internet browser compatibility issues. When I take a look at your blog in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping issues. I simply wanted to give you a quick heads up! Apart from that, fantastic site!

    Reply
  20. After I originally left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and now each time a comment is added I recieve four emails with the exact same comment. There has to be a way you can remove me from that service? Thank you.

    Reply
  21. Next time I read a blog, Hopefully it doesn’t fail me just as much as this particular one. After all, I know it was my choice to read, however I really believed you’d have something helpful to talk about. All I hear is a bunch of whining about something that you can fix if you were not too busy searching for attention.

    Reply
  22. I truly love your website.. Great colors & theme. Did you build this website yourself? Please reply back as I’m trying to create my own personal site and would love to learn where you got this from or exactly what the theme is called. Appreciate it!

    Reply
  23. I was extremely pleased to find this great site. I need to to thank you for ones time for this fantastic read!! I definitely really liked every part of it and I have you saved as a favorite to see new information in your web site.

    Reply
  24. When I originally commented I appear to have clicked on the -Notify me when new comments are added- checkbox and from now on each time a comment is added I get 4 emails with the exact same comment. Perhaps there is a means you can remove me from that service? Many thanks.

    Reply
  25. Greetings, I think your website might be having internet browser compatibility issues. When I look at your blog in Safari, it looks fine however when opening in IE, it’s got some overlapping issues. I merely wanted to provide you with a quick heads up! Other than that, wonderful blog!

    Reply
  26. Can I simply just say what a comfort to find someone who genuinely knows what they are talking about on the web. You certainly know how to bring an issue to light and make it important. More people have to check this out and understand this side of your story. It’s surprising you aren’t more popular since you definitely have the gift.

    Reply
  27. Hi, I do think this is an excellent blog. I stumbledupon it 😉 I may revisit once again since i have book marked it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.

    Reply
  28. An intriguing discussion is worth comment. I do think that you should write more on this topic, it may not be a taboo matter but generally folks don’t discuss these subjects. To the next! Cheers!

    Reply
  29. Hello! I simply would like to give you a huge thumbs up for the great information you have got right here on this post. I’ll be coming back to your site for more soon.

    Reply
  30. You’re so awesome! I don’t think I’ve truly read anything like that before. So nice to find someone with some original thoughts on this subject. Seriously.. thanks for starting this up. This web site is one thing that’s needed on the internet, someone with a bit of originality.

    Reply
  31. Aw, this was an incredibly nice post. Spending some time and actual effort to make a good article… but what can I say… I procrastinate a lot and don’t seem to get nearly anything done.

    Reply
  32. After checking out a few of the articles on your website, I truly like your technique of writing a blog. I book-marked it to my bookmark website list and will be checking back soon. Take a look at my web site as well and tell me what you think.

    Reply
  33. I seriously love your blog.. Excellent colors & theme. Did you develop this website yourself? Please reply back as I’m looking to create my own personal site and want to know where you got this from or just what the theme is called. Thank you.

    Reply
  34. Oh my goodness! Amazing article dude! Thank you so much, However I am going through problems with your RSS. I don’t understand the reason why I can’t subscribe to it. Is there anybody else getting the same RSS problems? Anyone that knows the answer will you kindly respond? Thanks!!

    Reply
  35. This is the right website for anyone who wants to find out about this topic. You know a whole lot its almost hard to argue with you (not that I personally would want to…HaHa). You certainly put a fresh spin on a subject that’s been discussed for a long time. Great stuff, just excellent.

    Reply
  36. I was very happy to uncover this great site. I need to to thank you for your time for this particularly fantastic read!! I definitely liked every bit of it and i also have you saved to fav to see new things in your website.

    Reply
  37. After I originally commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I receive 4 emails with the same comment. There has to be an easy method you are able to remove me from that service? Thank you.

    Reply
  38. Hi, I do think this is an excellent blog. I stumbledupon it 😉 I will return yet again since i have saved as a favorite it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.

    Reply
  39. Your style is really unique in comparison to other people I have read stuff from. I appreciate you for posting when you’ve got the opportunity, Guess I’ll just book mark this site.

    Reply
  40. I blog often and I truly appreciate your information. The article has really peaked my interest. I am going to take a note of your blog and keep checking for new details about once a week. I subscribed to your Feed as well.

    Reply
  41. Hi there, I think your blog could possibly be having web browser compatibility issues. Whenever I take a look at your web site in Safari, it looks fine but when opening in Internet Explorer, it’s got some overlapping issues. I merely wanted to provide you with a quick heads up! Aside from that, excellent site!

    Reply
  42. I was more than happy to discover this web site. I want to to thank you for your time just for this fantastic read!! I definitely loved every little bit of it and i also have you book-marked to look at new stuff in your website.

    Reply
  43. Oh my goodness! Impressive article dude! Thank you so much, However I am experiencing problems with your RSS. I don’t know why I cannot subscribe to it. Is there anybody else having identical RSS issues? Anybody who knows the solution will you kindly respond? Thanx!!

    Reply
  44. Hello there, There’s no doubt that your site may be having browser compatibility issues. Whenever I look at your site in Safari, it looks fine however when opening in I.E., it’s got some overlapping issues. I just wanted to provide you with a quick heads up! Aside from that, excellent website!

    Reply
  45. Hi there! This post couldn’t be written any better! Looking at this post reminds me of my previous roommate! He always kept talking about this. I’ll send this post to him. Pretty sure he’ll have a very good read. Thank you for sharing!

    Reply
  46. After going over a number of the blog posts on your site, I truly appreciate your technique of writing a blog. I saved as a favorite it to my bookmark website list and will be checking back in the near future. Please visit my website too and tell me how you feel.

    Reply

Post Comment