Bank of America Creates a Cryptocurrency Team! Fidelity To Offer Ethereum! Whales Bitcoin Holdings Hits 27-Month High! Grayscale REVEALS Big Move Behind The Scenes!
So, the government’s desire for inflation drives the desire for money to which they can add an expiration date. When inflation is the goal, money needs to be circulated quickly, and CBDCs allow for that. With programmable money, the central bank could issue money through some sort of helicopter money program (universal basic income [UBI], stimulus, etc.) and require that the money be used by a certain date, or else it would simply vanish.
That would prevent people from saving it (the neo-Keynesian sin of “hoarding”) and ensure that the money circulates into the economy. By adding money into the economy and removing the ability to save that money, the Federal Reserve (or any other central bank) could more easily achieve its inflation targets, thereby ensuring the desired destruction of our wealth at an average rate of 2%/year.