CBDCs will enable the USA (and others) to default on their sovereign debt without collapsing the USD. I think that's the real reason it's being pushed so hard.

As long as people have CBDC accounts then the impact of bank runs are minimised, hyperinflation has a backstop, and the economy can be stimulated with newfound granularity.

It just requires complete control over the masses who might otherwise circumvent the CBDC-based policy interventions. And along the way abuses of that control for the sake of whatever other ideology or political need has power.

In reality it's probably not going to work so well to protect against the sovereign debt default, but the power abuses and arbitrary control will remain.

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