Paul Krugman recently raised a red flag: the U.S. Congress isn’t just opposed to creating a Central Bank Digital Currency—it’s banning the Fed from even thinking about one. That’s right, they’re outlawing thought. Meanwhile, Brazil has rolled out a lightning-fast, nearly-free public payment system used by over 90% of its adults. But Krugman missed the deeper issue. This isn’t just about payment apps or crypto alternatives. It’s about who gets to control money itself. And more dangerously, it’s about what happens if you—the ordinary citizen—get access to an account at the Fed.
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