RE: The Federal Reserve CBDC Report
The government specializes in taking specific market innovation, creating its own version, and thereby corrupting it in the process as a result of bureaucratization and politics. Whether its education, health care, money, etc., the government as one article on Cafe Hayek states has the "Sadim touch," the exact opposite of Midas touch. As we know, the touch of Midas turns everything into gold whereas the "Sadim touch" ruins everything.
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