Part 8/10:
The speaker notes that CBDCs could significantly alter how monetary policy is conducted. Central banks could devalue or revalue their currencies at will, with little to no resistance, since the digital nature of CBDCs allows for rapid adjustments. This is a stark contrast to traditional fiat currencies, which tend to depreciate gradually over time due to inflation.
Such control could pose risks to economic stability and personal wealth, especially if governments leverage CBDCs to enforce negative interest rates or other restrictive policies. The ultimate consequence is a shift toward a more monitored, controlled financial environment—something that could challenge notions of financial sovereignty and personal privacy.