While elites around the world – those in political power and in control of top financial institutions – are very much rallying around the plans to introduce central bank digital currencies (CBDCs), in Florida, the state's governor has a different take on where things should be headed.
In fact, radically different – Governor Ron DeSantis thinks CBDCs should be banned.
Addressing a press conference from behind a podium that had the words “Big Brother's Digital Dollar” attached to it, DeSantis repeated what critics of the CBDC push keep saying.
But according to the Florida governor, who is rumored to be considering running for president, CBDCs are “all about surveilling Americans and controlling behavior of Americans.”
Should the Fed issue such a currency in the US, that will mean the federal government will acquire even more power. And what power the central authorities already have is not producing great effects for consumers, DeSantis suggested, mentioning high inflation, key policy rate hikes, and “pressure on banks.”he Net.
