Governments are crucial to the wealth of nations. Good governments enable strong economies by providing rule of law and security. Fiat money has become one of the most potent mechanisms of government power and can be used well or used badly. Mostly fiat money is used badly and both debases peoples savings and is directly toward purposes which do not increase the wealth of the majority of citizens. CBDCs further enhance to monetary power of central banks and thuis technocrats like the European central bankers and politicians think CBDCs will somehow fix the underlying problems in Europes economy- they won't. Europe has become too burdened by technocrats and politicians and bankers - all of whom will further increase their power with CBDCs. Europe is probably fucked but maybe some communities in Europe who still understand basic principles of money and economy can build BTC based alternatives and show by example there is a better way- for example this appears to be possible in Switzerland and maybe Germany and Portugal and perhaps some parts of Eastern Europe?
Governments are crucial to the wealth of nations.
Good governments enable strong economies by providing rule of law and security.
Fiat money has become one of the most potent mechanisms of government power and can be used well or used badly.
Mostly fiat money is used badly and both debases peoples savings and is directly toward purposes which do not increase the wealth of the majority of citizens.
CBDCs further enhance to monetary power of central banks and thuis technocrats like the European central bankers and politicians think CBDCs will somehow fix the underlying problems in Europes economy- they won't.
Europe has become too burdened by technocrats and politicians and bankers - all of whom will further increase their power with CBDCs.
Europe is probably fucked but maybe some communities in Europe who still understand basic principles of money and economy can build BTC based alternatives and show by example there is a better way- for example this appears to be possible in Switzerland and maybe Germany and Portugal and perhaps some parts of Eastern Europe?