The Biden Administration is considering the implementation of digital money. This transition has some time urgency because the Chinese consider digital money to be a financial opportunity by which they can displace the U.S. dollar as the world’s reserve currency. There are tremendous advantages to being the world’s reserve currency, so this is a matter of national interest.
Any transition to digital money poses a challenge to liberty. For example, the Chinese consider digital money to be another step further down their totalitarian social scoring system. Controlling money digitally provides the power to cut off an individual completely from a financial system. This directly threatens an individual by withholding the means to eat, be clothed, and have shelter. Liberty is directly in the crosshairs because property can be impounded or seized. Without private property, which provides the means to be independent of government, there is no liberty.
One thing learned from the COVID-19 medical tyranny was there were a couple of libertarians in Congress, but there were no Constitutional conservatives anywhere in Washington, D.C. Further, the 2020 election highlighted that one of the two major political parties has abandoned classical liberalism in lieu of progressivism. Progressivism having no limits, progressives have devolved into fascists. This fascism embraces socialism with government control of nominally private businesses by means of regulations and taxes. Also, by its nature, progressive fascism is intolerant of political opponents and free speech.