Meanwhile, wealthier people get paid in ‘unrestricted’ currency.
I'd just as soon give everyone dollars via UBI
The government provides coupons that allow you to buy food which is remediated to the seller in dollars. The authority and funding to provide that service is something that voters can impact or change.
These are very different things, not "that already exists" at all.
Christian Gelleri made this proposal to solve the Greek crisis: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3144910
If there were political motive and will to implement such a system, it could be done without a CBDC and certainly without modernization of ACH (heh).
Conversely, if there's not political motive and will, then the presence of a CBDC doesn't change that fact.
Then you can enforce meat and fossil fuel rations with no way to buy yourself around it.
Many are concerned that cdbc will allow the gov to create carbon rations that are enforced by disallowing purchases. Cash is fungible while regulated digital currency isn't.
(I’m not in any way a climate denier, just a huge pessimist when it comes to attempted solutions)
