Digital Dollar

Growing Perils of the Digital Economy: The Rise of the Digital Dollar

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Central bank digital currencies (CBDCs), often referred to as digital dollars, are rapidly gaining traction on a global scale. Over 100 nations are in various stages of developing their own versions. While advocates argue that these currencies could revolutionize financial efficiency and broaden access, there are significant concerns among freedom advocates that they could also […]

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IMF Says Central Bank Digital Currencies Can Replace Cash: ‘This Is Not the Time to Turn Back’

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IMF’s Kristalina Georgieva said, “…this is not the time to turn back. The public sector should keep preparing to deploy central bank digital currencies …” “We have not yet reached land. There is so much more space for innovation and so much uncertainty over use-cases,” said Georgieva, managing director of the IMF at the Singapore

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GOP Takes on Federal Reserve in Battle Over Digital Dollar

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House Majority Whip Tom Emmer, R-Minn., on Tuesday afternoon will reintroduce the Central Bank Digital Currency Anti-Surveillance State Act. a Republican-backed bill that aims to prevent the Federal Reserve and its member banks from issuing a digital version of the dollar and using it to implement monetary policy. 130 countries, representing 98% of the global

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The Financial Equivalent of the Death Star’: US Lawmaker Blasts the Fed for Looking into Building What He Calls an ‘Orwellian-Style Payment System’ — Here’s Why He’s Upset

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A U.S. lawmaker has accused the Federal Reserve of quietly working on a central bank digital currency (CBDC) — which he likens to “building the financial equivalent of the Death Star.” Rep. Warren Davidson of Ohio believes it would create similar authoritarian powers for the nation’s central bank to “corrupt … [coerce] and control” Americans

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Big Brother and the Digital Dollar

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President Biden signed an executive order last year urging government agencies to research a potential central bank digital currency. CBDCs are a despotic innovation, of the sort that have besieged us during the past five years—lockdowns, mask and vaccination mandates, “antiracism” policies, “green new deals,” projects to suppress “misinformation” and so on. Only more recently has it

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