NFT Premier Shorts
The digital yuan is programmable to the point that the currency can be made to expire, thus forcing consumers to use it up by a certain date. This is a twist on an obscure, unconventional monetary policy innovation known as a Gesell currency: expiring money, which gives the issuing government a heightened degree of control over money velocity, AKA how fast it’s “supplied” and how fast it’s spent.
2 thoughts on “Chinese Digital Currency Comes With an Expiry Date – Spend It or It Will Vanish”
Forced to spend and not allowed to save:
With everything in me, I HATE COMMUNISM!!
Let me get this straight, monthly they take 35% of our wage earnings in federal, state, social security and Medicare. And we don’t live nearly long enough to get any kind of return on what we pay in. We get taxed average 6 or 7% on everything we buy. Sounds like they going all in to take the remaining of what we earn.