Against Crony Capitalism

Against Crony Capitalism

The fight against “government-controlled programmable money” happening in Senate

Central Bank Digital Currencies (CBDCs) will give massive power to central authorities overnight

Nick Sorrentino's avatar
Nick Sorrentino
Mar 04, 2024
∙ Paid

It’s the end of the economy (and in many respects society) as we know it. CBDCs are indeed “programmable money”. In a CBDC regime anonymity in transactions will be over. Your transactions will be visible to the Federal Reserve (and who knows who else) instantly and recorded in a digital ledger called the blockchain. The Federal Reserve will have access …

User's avatar

Continue reading this post for free, courtesy of Nick Sorrentino.

Or purchase a paid subscription.
© 2026 AgainstCronyCapitalism · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture