Retail CBDCs bypass the commercial banks, which are the private owners of the Federal Reserve. Why would they go along with a CBDC in the U.S. and obsolete their business?
Discussion
This is something I’ve asked myself. But lot’s of institutions seem to act irrationally (making adds about every social justice issue instead of about the product for example).
I think the people with power in those irrational institutions are acting rationally on their own behalf and letting the institution pay the price. They’re either getting a cut or they are being blackmailed.