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The Dangers of CBDCs
If we allow central bank digital currencies sooner or later they will drive out The private sector competition. And CB DC see is the thing central central planning. I mean I could call it SPDC Stalin Yes, no because this is the danger. We have a massive incentive now for regulators for central planners to create another huge financial crisis so that they can then um take over. Do we really want this where essentially The number of banks goes down so much that there's really only one bank left?