For too long Westerners have remained quiet while market competition has given way to government-sanctioned monopoly, and private property has transformed into something much less personal or secure. The funny money of paper currencies has destroyed most ordinary Westerners’ savings, while artificially inflating the prices of stocks and other assets increasingly beyond the reach of many. Now an overhaul of the financial system and a transition to mandated CBDCs threaten what remains of Westerners’ personal liberties. Before the last vestiges of the Cold War’s ideological dichotomy evaporate and nothing remains to distinguish East from West, this is the time for friends of freedom to stand and be counted. For while Klaus Schwab may desire a future where Westerners find happiness in owning nothing, those who value liberty know that personal ownership and the unfettered exchange of goods, services, and ideas remain the bedrock of those free nations that refuse to be enslaved.

https://www.gatestoneinstitute.org/19553/central-bank-digital-currencies