Can the CBDC Be Stopped?

Can the CBDC Be Stopped?
A scene from the movie “The Wizard of Oz” (1939) revealing the man behind the curtain. Public Domain
Jeffrey A. Tucker
Updated:
0:00
Commentary

In the year 1900, following two decades of debate about the future of American money, L. Frank Baum wrote “The Wonderful Wizard of Oz,” which served as the template for the greatest of all American movies. The story is about much more than it seems. Beneath the surface, it’s an attack on ruling-class barons who were pushing the gold standard as the key to sound money and banking. In those days, gold was regarded as an industrial plot, while silver was regarded as the working man’s specie that favored agricultural interests.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
Related Topics