Next Generation Money, Part 1: Texas Re-Imagines The Dollar

Digital currency might be a good thing in the right hands

With all the (completely justified) angst surrounding central bank digital currencies (CBDCs), it’s easy to forget that the concept of digital money isn’t the problem. It’s just a tool like any other and can be used for good or evil, depending on who’s wielding it.

Obviously, if a CBDC is managed by some combination of the Federal Reserve, the military-…