Thursday, July 11, 2024

The Fight for Financial Transaction Freedom Is On

What effect is the Central Bank digital currency going to have on our traditional banks?

It will wipe them out.  In other words, you are going to wipe out all local community banks, all credit unions, all small institutions within some period of time.  And it'll take you a while to wipe them out, but if you look at what it will do to the their fundamental economics and you're going to put them in a position where they have to work for you they can't represent their customers.

If we did have a state bank but it

Tom Massie on the Prime Act.

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