The scary Fed idea to turn your dollars into a digital power grab

The scary Fed idea to turn your dollars into a digital power grab. Electronic money could let government monitor or even control how you spend your cash.

The government can easily dictate which dollars of your income go to buying food (and what kind of food), for instance. That’s particularly alarming in an era when the elites lecture about climate change and push for people to eat less beef and more bugs.  E. J. Antoni is a research fellow at The Heritage Foundation’s Center for Data Analysis and a senior fellow at Committee to Unleash Prosperity.

But those dollars are inherently fungible. It’s irrelevant if you accept or pay with any particular dollar, because each one functions exactly the same way as any other. CBDCs are different. They are programmable, traceable, trackable and taxable.