Why Central Bank Digital Currencies Are Unnecessary And Dangerous.

 A central bank digital currency is much more than electronic money.

A central bank digital currency would be directly issued to your account held at the central bank.

Central bank digital currencies are likely to be a computerized rendition of the French Assignats.

Central bank digital currencies are unnecessary and dangerous.

The primary arguments for considering a central bank digital currency are efficiency and enhancing the transmission mechanism of monetary policy.

Introducing a central bank digital currency is unlikely to reduce economic risks or stimulate productive investment but will encourage short-term malinvestment.

Cryptocurrencies have emerged due to a lack of trust in fiat currencies and the ongoing efforts of central banks and governments to devalue currencies in order to conceal underlying fiscal imbalances.

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