Supporters say it will make financial systems more efficient by reducing the need for cash production and distribution. Supporters also commonly argue that a digital currency would improve equity in the financial system. They claim banks can discriminate based on race and are less prevalent in inner cities. And then there's the criminal element. Supporters say that mandating digital currency will make it harder for criminals to wander money or conduct other legal activity. But that is where the privacy argument comes in. So the government would be involved in every financial transaction. Right. Critics say the digital currency sounds convenient, but is a major infringement of privacy. It ultimately makes it easier for governments and corporations to exert control over private citizens. One leading critic
The government pushes for a centralized digital currency, Planned Parenthood dominates sex education curriculum, and California proposes using Medi-Cal payments for the homeless. Get the facts first with Morning Wire.
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