Episode 0147 - Will Central Bank Digital Currency Wipe You Out?

The emergence of Bitcoin has completely changed the conversation about fiat currency in a way that gold has not been able to do.  As a result, central banks around the world are racing to introduce digital currencies or CBDCs.  As many of you already know, the problem with money is not the lack of a digital platform, but rather that the institutions that control it, can also produce great quantities of it by fiat.  The lack of a limitation on the production of money, regardless of who issues it, enables that group to steal value and productivity for the users of money.  A CBDC will just make all the problems already inherent with dishonest central bank issuance of money, more severe and add a brand new problem, lack of anonymity for the user of the money.  Join me today as we dig into this new and terrifying trend with central banks and discuss what it means for liberty.