While I am opposed to CBDCs, I am stickler for reality. And as a stickler for reality, I would point out that this Florida legislation almost certainly unconstitutional. Both the US Constitution’s Supremacy Clause and the Interstate Commerce Clause, both provide solid foundations for the federal government to render this legislation ultra vires. So one should recognize this is mostly symbolic, for all intents and purposes.
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If you think reality is that any state or federal law matters anymore, you better check yourself
Correct, appreciate campaign the against CBDC. #[2] can’t do it all.
Where can I purchase those stickers? Love the artivive concept. 🤘🏼💜
In the same spirit it can be said that the idea of a unilaterally Fed-issued CBDC would also be at least questionable, legally-speaking. It should require an explicit mandate from Congress and I would say even a new Fed Act.
As far as I know it's just a PR bill that says Florida won't amend it's version of the UCC to contemplate CBDC as "money," which is a term of art for commercial purposes and doesn't affect legal tender status.
There are certainly other policies that would be more effective at promoting financial freedom, with historical track records, which I've written about.
The Constitution’a been in the rear view mirror for a long long time. All that’s left is the will to power.
Symbolic like the his immigration bill
