Should the U.S. switch to crypto/digital currencies and a cashless economy?

The move to convert everything to "digital" has been public policy for some time. It includes the move to a cashless society, but also electronic books, even your medical records.

Media reports tell us that "the U.S. is falling behind" in developing a Central Bank Digital Currency, and that China is beating us to it, therefore we must catch up.

Do you think that's true?

MIT's Digital Currency Initiative and the Federal Reserve Bank of Boston are two groups working to figure out what a digital currency might look like for Americans.

They say that "privacy" is a major concern.

"I think that if there is a digital dollar, privacy is going to be a very, very important part of that,” said Neha Narula, director of the Digital Currency Initiative at the MIT Media Lab. “The United States is pretty different than China."

Is it?

Do you believe the U.S. has any interest in keeping your transactions private? Or do you believe the reason they want digital money is so everything you do can be traced – and to extract more fees?

Bob Livingston Alerts and The Bob Livingston Letter® are conducting an urgent poll to find out if you think it's a good idea for America to go cashless or if you think it's all a sham.

The results of the poll will be available to you after you submit your vote, and we want to know what you think...
1) Do you think a Chinese National Digital Currency is a threat to the U.S. dollar?

2) Do you think the Federal Reserve should create a U.S. Central Bank Digital Currency?

3) Do you think a U.S. Digital Currency would be private (allow for private, non-traceable transactions)?

4) Do you think the U.S.:

5) Do you think the U.S. should move to a cashless economy?

6) Would you find being cashless more convenient?

7) Do you worry going cashless gives government too much power over its citizens?

8) A Swedish company is creating ‘COVID passport’ microchips implants that include contactless payment software. Would you have one implanted under your skin?

9) Why do you think government and banks prefer to be cashless?