However, Stiglitz, who also chaired the U.S. President's Council of Economic Advisers during the Clinton Administration, said he does support technological innovation in payments, but thinks digital money should still be fiat created and controlled by the government.
"Let’s move away from paper into the 21st century of a digital economy," he said.
There you have it. Everything the former Chief Economist want to have is total control on every single person's financial activities. Despise bitcoin, it still is pseudo-anonymous! Use digital fiat that is issued by the government for us to monitor all your financial activities! They clearly know that once most people transitioned over to crypto, they wouldn't have any controls with people's money meaning they would lose power in the long run that's why they are making bitcoin look bad in the masses and they're doing it confidently because they know that people would listen with their bullshit.
Yeah, that pretty much sums it all up. They want to do away with paper money and just have us use their fiat in digital format. Fiat whose transactions are only carried out by their bankers. All our "money" stored in bank accounts that they can simply shut close for anything.
No, if I'll use digital money, I'll use crypto then, their digital fiat be damned.
