A Decentralized Economy Is Key to Preserving Freedom, Economist Tells Kim Iversen

“We must prevent the introduction of central bank digital currencies ‘because that is the epitome of a centralized, controlled, even totalitarian system,’ economist Richard Werner, Ph.D., said on a recent episode of ‘The Kim Iversen Show.’”

I fully agree. And we needed decentralized governmental systems as well. I think this is what prevented helped citizens the US during the COVID-19 relative to their counter parts in Canada, New Zealand, and Australia…the states still have autonomy and can opposes centralized control from the federal government.

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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