Ed Dowd: Banking Failures and Market Crash Will Lead to Great Reset, CBDCs and Fight for Freedom
Coin Stories
Debasing Currency, MMT Critique, and CBDC Implementation
The chapter delves into the concepts of debasing currency, Modern Monetary Theory (MMT) critique, and Central Bank Digital Currency (CBDC) implementation during economic downturns. It discusses the intricate link between money printing and debt, criticizing MMT as 'magical thinking' used to justify universal basic income. The potential scenario of offering a CBDC-linked universal basic income in times of economic turmoil is highlighted, emphasizing control and management through financial support.
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