Or they do but I feel like the gravity of the statement alone never really registers
Was recently reading a book written a long ass time ago by some Brit where he talked about how a lot of the value in currency (coins and paper of the time) came from the fact that they were all tangible
And now wealth/money is completely digital. Of course the fed still prints shit, but with the amount of people who use Apple Pay/venmo to exchange “money” from person to person?
Actually, does anyone know what I’m trying to say rn? Is money just a Trojan horse?
Very funny to see someone posting libertarian paranoia about CBDCs on a Leftist Idealism Forum. Wall Street as it turns out dislikes extant proposals for CBDCs because of how they would affect financial markets. Not surprising though everyone goes full More Perfect Union (actual patsocs), Chris Hedges, George Orwell idealism here at the drop of a hat
First, it’s /c/doomer, which is definitionally idealism. There is no serious analysis, only vibes.
Second, it’s an uncharitable read to not infer the implied “under capitalism”. If you can find me a central bank in empire that is not an organ of the surveillance state, I’ll be very pleased to adjust my position on some things. Or are you living in a world where the Fed is actually going to do something like DCEP?