Comment by RiverCrochet
Comment by RiverCrochet a day ago
In this scheme, what prevents a central bank from abusing its position and denying you access to food due to ideological concern? Cash (for basic stuff) spends the same regardless of my political affiliation or criminal history. An employer can do the same, but I can get a new employer with some effort. I'm not sure I can switch to a different central bank easily.
CBDCs and cash dollars can coexist. If you don't like borrowing from the government, no one is forcing you, you can earn and spend as you do now.