Topic: Monetary Control Act

1 chapters across the catalog

The history of central banking is traced from John Law to the Monetary Control Act of 1980, which Hotep Jesus calls the "final nail in the coffin for freedom of money." He argues that CBDCs will allow for a Chinese-style social credit system in the West, where political dissent results in being blocked from buying essentials. They cite the current economic collapse in Sri Lanka as a real-world example.