Re:Nobody’s using CBDCs. India’s piloting one anyway
by rhaway84773 on Monday December 05, 2022 @11:47AM
(#33868008)
UPI has been highly successful.
But please, let’s not credit demonetization with any of it. To the extent demonetization helped, it was an unplanned accident. And it was a result of the fact that the previous administration had begun the Aadhar project (which to its credit the current govt continued and even took credit for).
Demonetization was nothing more than a massive destruction of wealth and growth, done for only one reason. To starve the political opposition of funds over the next few elections.
But please, let’s not credit demonetization with any of it. To the extent demonetization helped, it was an unplanned accident. And it was a result of the fact that the previous administration had begun the Aadhar project (which to its credit the current govt continued and even took credit for).
Demonetization was nothing more than a massive destruction of wealth and growth, done for only one reason. To starve the political opposition of funds over the next few elections.