Edward Chancellor: "The Price of Time"
The Great Simplification with Nate Hagens
00:00
The Potential for Central Bank Digital Currency
I'm quite worried about the potential for CBDCs because you know, if the central bank can look into every one of your transactions and cut you off when you're doing something that is not sort of socially approved. I was talking to a friend of mine the other day who sits in British Parliament. He says that the Bank of England is pushing through on its CBDC plans without any parliamentary scrutiny. That would be very worrying if our central banks and politicians would go down that route. If you well designed the CBDC backed by government debt, say it didn't just conjured out the air, could be a sort of hard money. It would be hell, a nightmare for the commercial
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