Political Quotes

“Central bank digital currency poses an existential threat to western civilization. It is essentially, at its heart, communist banking. Elizabeth Warren, Sherrod Brown, and Democrats in the Senate didn't walk around Omarova to be confirmed as a bank regulator because they were opposed to communist banking. They want it. That is what central bank digital currency is. Our colleagues on the other side of this debate act like we need to study communism a little harder to figure out whether it works or not. We have got plenty of evidence it doesn't work. Central bank digital currency inserts government between you and your money. Another word for central bank digital currency is programmable money. Who does the programming? The central bank. They can condition your access to your own money with whatever parameters they put in place. They can filter transactions. They can even set them to expire. Monetary policy wonks in the communist banking world think this is a feature, not a flaw. They think if they can set your access to your money to expire, then it would be a better future. Every dystopian fiction that I have found--'Brave New World,' '1984'--says this is the future of money, that it is corrupted into a tool for surveillance, coercion, and control. Frankly, our own current banking system has crept too close to that. We need to turn the other direction. The market is telling us that. That is why cryptocurrency was invented, frankly.…”