> The explanation of a digital currency, when you get past the paranoia about an increase in tracking you[1], sounds exactly like a "narrow bank". But the Fed has always been against those, because they think customer banks will be too poorly capitalized if everyone uses a government bank directly.
This sounds uncomfortably similar to the "reason" the IRS can't do our own taxes for us and send us the bill.
Sort of, but TurboTax actually lobbies for that. A lot of large banks don't even want you as a customer in the first place, but the government makes them do it.
Also, everyone here is arguing "the government shouldn't know about my finances", and I feel like "the government should do my taxes for me" conflicts with that?
This sounds uncomfortably similar to the "reason" the IRS can't do our own taxes for us and send us the bill.