American Viewpoints

Show 2021-17 Segment 2 Could Government Micromanage YOUR Money? It's Been Done Before

Episode Summary

The American Institute For Economic Research’s Peter Earle gives us his perspective on the push for digital currency and the effects that could bring to society. Digital currency – which is different from cryptocurrency – could be manipulated by governments seeking to micromanage economies, according to Earle. A specific example of this possibility is the idea that governments could put expiration dates on monies in order to stimulate spending. That’s actually been done before.