Ep 218 | The Threat of a Central Digital Currency | Guest: Rep. Warren Davidson
Podcast: Kibbe on LibertyPublished On: Wed Mar 15 2023
Description: Cryptocurrency has the potential to liberate millions of people from the government’s money system, but there are some who want to use that very tool for evil instead of good. Matt Kibbe talks to Rep. Warren Davidson (R-Ohio) about the possibility of the Federal Reserve creating its own digital currency that would be controlled by the federal government. In addition to being prone to massive inflation, a central bank digital currency would be used to track your every purchase and could be denied to people who behave in ways that the state deems undesirable. In Canada, truckers were locked out of their bank accounts for protesting COVID policy. Imagine if Justin Trudeau had the ability to deactivate the very dollars in their pockets as well.
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