Re:Central Bank Digital Currencies Are a Bad Idea
by ilaksh on Sunday December 27, 2020 @09:17AM
(#25551171)
Personally I think both sides are totally right and also totally wrong.
Because we absolutely do need to print money to avoid millions of people living in the streets at this point.
But we also ARE going to be bankrupt by it.
And I think the way out is to recognize that the monetary system is dated and inadequate and create a new one. Unlikely they will do that, but I feel better mentioning it even though it will be ignored.
The new system would be digital and incorporate more real-world information and finer-grained control.
Because we absolutely do need to print money to avoid millions of people living in the streets at this point.
But we also ARE going to be bankrupt by it.
And I think the way out is to recognize that the monetary system is dated and inadequate and create a new one. Unlikely they will do that, but I feel better mentioning it even though it will be ignored.
The new system would be digital and incorporate more real-world information and finer-grained control.