Talk about a bad idea - antithetical to freedom (which is exactly what they want)
From Associated Press:
Treasury recommends exploring creation of a digital dollar
The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system.
The White House said on Friday that after President Joe Biden issued an executive order in March calling on a variety of agencies to look at ways to regulate digital assets, the agencies came up with nine reports, covering cryptocurrency impacts on financial markets, the environment, innovation and other elements of the economic system.
Treasury Secretary Janet Yellen said one Treasury recommendation is that the U.S. “advance policy and technical work on a potential central bank digital currency, or CBDC, so that the United States is prepared if CBDC is determined to be in the national interest.”
Incrementally moving towards a totalitarian society. Government control over everything.
Say something that the government doesn't like? You can only spend $100 of your money this week.
We are holding on to the rest of it: "For your own good"
Already happening in China.
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