Open Forum
Weekend Open Forum
Relax, it's the weekend, and here's the place to have a chat with the Confidential Daily crew.
Confidential Daily Comment
A Tool of Control
There's a welcome respite from the threat of a Central Bank Digital Currency. While there is still time to protect privacy and freedom, it remains to be seen if the general public knows or cares.
1 min read
There is a glimmer of light at the end of the tunnel.
The Reserve Bank's (RBA) trial of a central bank digital currency (CBDC) hasn't delivered a blanket endorsement of this tool of government control.
That doesn't mean it isn't coming, but it gives us more time to fight against its introduction.
The five-month trial of the eAUD warns that "more research is required to deal with legal, regulatory, technical and operational issues to ensure any eAUD operates safely."
It concluded that "any decision on a CBDC in Australia will likely be some years away."
That's the good news.
Read next
Confidential Daily Comment
Time for Some Doublethink
The current electricity policy only makes sense if you can successfully practice Doublethink.
Confidential Daily Comment
One Step Forward...
The digital economy took a giant step forward this week but the prices took a couple of steps backwards. That presents opportunity.
Confidential Daily Comment
Rein in the Rorts
The scandalous abuse of taxpayer money means reining in the rorts should be a priority for any government.