Published: November 2, 2020
Source: Economic Policy Journal
Christine Lagarde, president of the European Central Bank, just posted this on her Twitter feed:
Replying to @Lagarde
We’ve started exploring the possibility of launching a digital euro. As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed. I’m also keen to hear your views on it https://epsilon.escb.eu/limesurvey3/434111?lang=en
5:15 AM · Nov 1, 2020
This is an extremely dangerous step.
It is the first step in the direction of abolishing physical currency.
Once physical currency is abolished, the government that has gone totally digital with its money will be able to see every transaction made by its citizens. Privacy in transactions will be gone. It is then only a small step to control what can and can not be purchased.
A government-controlled digital currency is one of the most dangerous threats to liberty in our age.
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