Dangers Of a Digital Dollar – WSJ

But too often digital currency enthusiasts focus on the good and ignore the bad. Central bank digital currencies are a perfect example of what Yale political scientist James C. Scott calls the seeing like a state mentality. Governments have strong incentives to simplify society for the purpose of social control. Bringing commerce within a centrally managed payment system is a textbook example. If widely used, these currencies would give central banks unprecedented power over the financial system. Without additional safeguards, virtually all transactions would be a matter of public record. Financial privacy would be difficult to maintain. Also, since this currency would be a liability of the Fed, the Fed could place conditions on its use to nudge users in desired directions.

via www.wsj.com

Oh, such a suspicious mind. You’ve got to trust your government more,dude. Why would they want to spy on you? Manipulate your actions? Now, sit down, and eat your sustainable faux-biopaste.