this post was submitted on 02 Dec 2023
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[โ€“] qdJzXuisAndVQb2@lemm.ee 22 points 11 months ago* (last edited 11 months ago) (8 children)

I can see no downside to the state being able to track every transaction you make and devalue it at will, charge negative interest rates to encourage spending to boost 'the economy'. Read the research papers banks issue on this topic, the bankers are salivating.

Edit: typo

[โ€“] Syldon 2 points 11 months ago

Charge negative interest rates? How do you think that will affect the banking sector.

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