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CBDCs - Is That a Good Idea?
Central bank digital currency is going to happen, but I just don't think it's a good idea. The problem is man, like all of the central banks are doing this, right? It's the currency substitution problem that I talked about. And so once like these governments and central banks get really obsessed with something, it's so difficult for them and costly to stop. So they have to go after it themselves. Even though it's not a good idea, we're going to keep doing it.