Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Investing

US House Prohibits Fed from Issuing CBDC

by May 23, 2024
May 23, 2024
US House Prohibits Fed from Issuing CBDC

Nicholas Anthony

Over a year ago, Rep. Tom Emmer (R‑MN) introduced a bill intended to prohibit the Federal Reserve from issuing a retail central bank digital currency (CBDC). Today, that bill finally made its way to the House floor where members voted to pass it to the Senate.

Why is Congress voting to restrict the powers of the Federal Reserve? As I explain in my new book, Digital Currency or Digital Control? Decoding CBDC and the Future of Money, CBDCs are not something that should be left to the discretion of unelected officials. Put simply, the costs outweigh the benefits. When it comes to CBDCs, promises of financial inclusion, faster payments, and strengthening the dollar fail to stand up to scrutiny. Yet, the risks to financial privacy, freedom, and markets are all too real.

Around the world, governments are pushing forward to enact greater controls and surveillance with CBDCs. Based on today’s events, it seems the United States is carving a different future. After decades of ever‐​increasing financial surveillance and control, that’s a welcome change of pace.

0
FacebookTwitterGoogle +Pinterest
previous post
Decentralized Networks and Separated Powers: An Historic Moment for Crypto Legislation
next post
Market Looks Toppy

You may also like

Federal Housing Tax Credit: 2,060 Pages of Brutal...

March 19, 2024

Stop Lionizing Paul Volcker and Villainizing Arthur Burns

August 30, 2022

Friday Feature: Leading Little Arrows

February 16, 2024

Nikki Haley is Right: Repeal the Federal Gas...

October 3, 2023

Will Trump’s “Reciprocal Trade” Only Go One Way?

February 7, 2025

Biden Didn’t Cause the Border Crisis, Part 4:...

January 16, 2025

Bankruptcy — Gradually, Then Suddenly?

September 6, 2023

The Drug War Is Failing, So Let’s Try…...

March 10, 2025

Yes, California’s Fast-Food Minimum Wage Law Has Killed...

January 13, 2025

We Must Unleash Free Enterprise to Meet the...

December 18, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Padel club boom sees 3,200 venues built in 2024 as global popularity accelerates

      June 27, 2025
    • Sweet or taxable? M&S strawberry sandwich sparks new VAT debate

      June 27, 2025
    • Starmer thanks business for footing tax bill

      June 27, 2025
    • UK SMEs must strengthen cybersecurity as geopolitical threats escalate, warns Espria

      June 27, 2025
    • Jeremy Hunt ‘made a mistake’ targeting non-doms, says shadow business secretary

      June 27, 2025
    • Small firms raise alarm over Companies House rule change forcing profit disclosure

      June 27, 2025

    Categories

    • Business (8,326)
    • Investing (2,074)
    • Politics (15,824)
    • Stocks (3,172)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved