enlund on Nostr: Whenever economists, politicians, or bureaucrats claim market dynamics are causing ...

Whenever economists, politicians, or bureaucrats claim market dynamics are causing the declining use of cash, remind them that what's happening is in accordance with a plan outlined by an IMF economist back in 2017 (see The Boiling Frog for this plan).

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Economists have actually posited that a design criteria for a well-designed Central Bank Digital Currency (CBDC) is to facilitate the phasing out of cash:



They say "the digital euro will complement cash", but have designed it to make abolishing cash easier. Funny that!