“They are building a full-spectrum digital cage, and its two locked doors are Digital Identity and Central Bank Digital Currencies (CBDCs). You cannot have one without the other. The plan is to replace your government-issued ID with a Digital ID, but it’s not just a card in your phone. It is fundamentally built upon your immutable biometrics: your fingerprints, the precise structure of your face, the unique pattern of your iris.”
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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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