A Look at the Post-COVID World with Nick Hudson (WiM301)
The "What is Money?" Show
00:00
The Social Contract and the CBDC
Nick Hudson: I think the existence of a CBDC or even a central bank sort of is an inherent violation of the social contract. It may be not on its face, but it at least opens that chink in the armor where the social contract can be readily rescinded through counterfeit currency effectively. "It's not widely understood enough and we need to push back against it with all we've got," he says.
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