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Digital Currency or Digital Control?: Decoding CBDC and the Future of Money

Cato Daily Podcast

CHAPTER

Intro

This chapter delves into the potential risks and consequences associated with Central Bank Digital Currencies, emphasizing how they have the capacity to facilitate financial monitoring and manipulation, which can compromise individual privacy. The discourse evaluates the motives driving the push for CBDCs and scrutinizes the viewpoints presented by central banks, corporations, and technological enterprises, with a focus on understanding the beneficiaries of CBDCs and highlighting apprehensions regarding economic liberty and confidentiality.

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