New Digital Ruble Will Allow You to Track Where Your Money Is Flowing

Via Edward Slavsquat Telegram: “The Director of the Sber (Russia’s creepiest bank ( Blockchain Laboratory has hailed the forthcoming introduction of Russia’s CBDC, claiming it will allow for the “safe and transparent” tracking of transactions. Another expert said the digital ruble could be used to make sure children spend their money wisely: “you transfer money to your child so that he does not spend it on something bad, but just for lunch.” Yes, Russia’s CBDC will only be used to monitor and restrict purchases made by children…. 🙃😎 [source: (]”

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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