IMF’s deputy managing director Bo Li lauds CBDC’s ability to control what people buy
IMF praises India’s controversial digital ID system, Aadhaar
IMF meeting: CBDC should be tied to digital IDs to “push society into to new equilibriums”
IMF ponders ways to end people’s hesitancy to move away to cash
CDBC being Central Bank Digital Currency. Conveniency will forever be used to convince people to stop using cash, just like the birth of the credit/debit card. The do have their uses, you can quickly block a stolen card instead of waiting for the police to recover your money, in case you can't do it yourself. At the same time it's impossible for someone far away to steal cash from you (unless it's the government, of course) and much easier from a card. People are more and more willing to give up security just so they can buy stuff while sitting on the couch...
And as a bonus:Palm print payments are rolling out in China and the US tracking disguised as convenience, once again...
Liberals currently LOVE the idea of Daddy Government telling them what to do. Because they imagine they will be in power forever.
We need to say :
CBDC will be used to ban your annual 9 month abortions.
CBDCs will say “you had an abortion last week? This month you are banned from buying alcohol or traveling outside of your work zone”
CBDCs will stop you from buying illegal marijuana FOREVER. No alternatives will be allowed.
CBDCs will stop married women from buying anything their husband doesn’t permit.
Good idea, use their shit against them.