Mar 22, 2023
The government might have rushed the vaccine, but it hasn't been rushing its precious new digital payment system. In fact, its been working on it for years. The Federal Reserve has been developing a program called FedNow, which is set to launch in just a few months - and it is absolutely terrifying if you value your money and freedom. The FedNow promotional video essentially explains, via goofy animations, that its main reason for existing is convenience. Convenience to send and receive faster payments, because it takes so long to head to the bank. The human, tangible way is just so much harder. The FedNow system is taking applicants beginning next month, and its launching this July. Glenn jokes that it's "for your independence, for your freedom, for your security, for your benefit" - and it's definitely not to introduce central bank digital currency or to track every dime that you spend. Then he gets serious. He says, "It's really important that you stop