Re:Ask HN: Why do we need central bank digital currency (CBDC)?
by landemva on Friday September 09, 2022 @03:04PM
(#32783507)
> more effective safety net (... payments that can't be spent on gambling)
> there's no alternative that does them better
State-run EBT cards exist and seem to be working OK.
Federalizing more things reduces people's ability to usefully vote with their feet by moving to a different State when people don't agree with State government policies.
> more stable economy (lower inflation, higher employment)
Speculative and seems unlikely. Do you have examples where a CBDC helps pay for projects better than the existing payment rails?
> there's no alternative that does them better
State-run EBT cards exist and seem to be working OK.
Federalizing more things reduces people's ability to usefully vote with their feet by moving to a different State when people don't agree with State government policies.
> more stable economy (lower inflation, higher employment)
Speculative and seems unlikely. Do you have examples where a CBDC helps pay for projects better than the existing payment rails?