by John Rubino, John Rubino:

With all the (completely justified) angst surrounding central bank digital currencies (CBDCs), it’s easy to forget that the concept of digital money isn’t the problem. It’s just a tool like any other and can be used for good or evil, depending on who’s wielding it.

Obviously, if a CBDC is managed by some combination of the Federal Reserve, the military-industrial complex, the intelligence community, and Big Pharma, that currency will be a mechanism of state control and should be avoided at all costs. But if it’s backed by gold or silver and run transparently by people who respect their citizens’ privacy and agency, then it’s potentially part of a brighter monetary future.