I've been trying to think through the implications of a central bank digital currency (CBDC). America would survive, but we'd be better off without it.
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
This is inflation
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