Wednesday, October 14, 2020

How to introduce digital money/currency into Western and other democracies

There is little doubt that sooner or later traditional, conventional inconvenient cash (bills and coins) will be replaced by some form of digital money/currency. It is inevitable! History is unkind to wishful thinking! 

However, how to introduce digital money in Western democracies is a wide open question. One possibility would be to create a new separate power to maintain and control a digital currency elected by the people.

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