I have been warning you of the dangers of the digital dollar, and here IMF Deputy Managing Director Bo Li explains how digital currency can be used to control the lives of anyone subjected to it. He calls it “programmability,” but really, it’s just government rationing by not allowing people to spend their money on what they want or need. Cato Institute policy analyst Nick Anthony has clipped the relevant comments and tweeted them here:

And here we have Deputy Managing Director of the IMF sharing how central bank digital currency (CBDC) would allow the government to precisely control what people can and cannot spend their money on. pic.twitter.com/8cSNIF5XNg

— Nick Anthony (@EconWithNick) October 15, 2022