this post was submitted on 22 Feb 2025
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Are there obvious, inherent pitfalls to deregulation of anything at all? Yes.
Is it absolutely necessary for it to exist? Also yes. Self sovereignty is both dangerous and absolutely necessary…unless you WANT Uncle Sam to be able to put a short time-limit on spending your tax return once they adopt a Central Bank Digital Currency (and they will). With a CBDC controlled by the Fed, we will be subject to money that expires and other features that feel like bugs that go hand in hand with a central power controlling a currency.
Agree to disagree then. You don’t seem to grasp my points and I don’t grasp yours. Peace.
As my rant above detailed, I’d be happy to give up my belongings if I lived in a truly communist society. But I don’t. So, I hold onto my possessions tightly since it is literally the way I survive.