Thread by @CantillonCH

Agreed. The singular advantage of money as a near-universally acceptable, reliable medium of exchange is that it breaks the need to know and trust counterparts all along the chain of trade & production. 1/x

https://twitter.com/f_wintersberger/status/1622490497741647873

This not only expands -and hence enriches- the network of exchange (think Adam Smith or “I, Pencil”) but removes node-occupying middlemen and toll-exactors. Efficiency increases, but transparency and fairness, too. 2/x

Once we have #CBDC-s -coupled to #Agenda2030 #IoT tracking of ‘#carbon’, meat protein, ‘circular economy’, low food miles, etc, we will have subjected ourselves to an intrusive, permanent rationing where a tax collector, a camp guard, and a Levitican Inquisitor...
3/x

...watches over every purchase we make, ready to limit, cancel, or prohibit it.

At first, this tyranny will, of course, be all dressed in worthy verbiage about ‘saving the planet’, or ‘promoting #biodiversity’ or addressing the sins -real or imagined- of our distant...
4/x

...forebears, but, once the state and its relentless army of bloodless, technocratic Gauleiters and Woke Orthodoxy Commissars are afforded such power - well, you can readily imagine the soul-destroying, miserable #DigitalGulag they will build with it.
5/x

Even absent such ultimate Dystopian worries, the oversight afforded and the control exercised -no doubt at an accelerating rate and in an ever more capricious manner as the Sorcerer’s Apprentices get their broom and buckets REALLY dancing- will pervert our money’s working.
6/x

We -and the few, remaining brave entrepreneurs struggling not to become mere Gosplan box-tickers- will find our medium if exchange is less and less functional (if, alas, inescapable) as the key price signals our buying & selling transmit are replaced by bureaucratic diktat...
7/x

...and, worse, quasi-religious stricture, each round of which will inevitably o’erleap its predecessor both as the Apparatchiks and the Clerics become intoxicated with their awful influence and fight for their own place in the hierarchy of oppression.
8/x

Incidentally, if you think #QE caused more problems than it was purported to solve and that the razorwire-topped, guard-towered Wall limiting our movements has a vast litter heap of well kicked cans lying at its feet, just THINK of what mere MONETARY manipulations...
9/x

...the first issuers of #CBDC will be tempted to engage in.

Deep #NIRP and time-eroding Gessel monies will be only the start of it.

CBDCs are incompatible with freedom, whether of markets, movement - or soon, no doubt-of medical status or expressed opinion.

Resist!

10/x

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