I really don't understand why everyone is freaking out so much about CBDC when the fact of the matter is it that there is nothing that they can do with CBDC they they already can't do now. The only difference is there will be no physical cash. That's the real problem, and I never see that discussed.
Another difference is lack of competition. With a CBDC the FED or equivalent will be king. Currently there are a bunch of banks that handle money and at the end of the day/week/month/quarter/year/etc have to balance. Whomever controls the CBDC won't have to worry about balancing or any regulations. They will just print/burn money to their hearts content.
I really don't understand why everyone is freaking out so much about CBDC when the fact of the matter is it that there is nothing that they can do with CBDC they they already can't do now. The only difference is there will be no physical cash. That's the real problem, and I never see that discussed.
Another difference is lack of competition. With a CBDC the FED or equivalent will be king. Currently there are a bunch of banks that handle money and at the end of the day/week/month/quarter/year/etc have to balance. Whomever controls the CBDC won't have to worry about balancing or any regulations. They will just print/burn money to their hearts content.