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Replying to Avatar Mike Brock

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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hh 2y ago

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.

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