When Money Has an Off Switch, So Does Your Freedom

Source: Cato Institute
by Norbert J Michel

“True liberty cannot exist without economic and financial autonomy. Every individual, regardless of their background, must have the right to protect their wealth. They must have the right to access open markets by transacting freely, without the shadow of state corporatism or financial surveillance. Central Bank Digital Currencies (CBDCs) are a direct threat to these rights. They are money that can be programmed by the government. They can be turned off completely or just for spending on items the state disapproves of. They are a surveillance-punishment system dressed in the language of financial innovation.” (06/15/26)

https://www.cato.org/blog/when-money-has-switch-so-does-freedom