Is this digital yuan (see link) a Keynesian dream come true as it enables the government to punish the greedy money hoarders (savers), forcing them to spend and stimulate the economy? Will the whole world embrace it ditching bitcoin and gold?

It is not a greed and hoarding if someone wants to spend below their means and save some money as a reserve for bad times.

Savers have already been ‘punished’ by close to zero or negative interest rates on savings.

CBDC / digital currencies allow governments direct distribution or freeze of money to all residents/users.

In case of a non-democratic government it allows the government to give to the obedient, and take from the rebellious…

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