Vivek Ramaswamy, a notable former presidential candidate, has openly backed Donald Trump. This endorsement comes with a critical perspective on central bank digital currencies (CBDCs). Ramaswamy shared insights from his involvement in advising Trump on the potential dangers CBDCs pose to personal freedoms.
Ramaswamy’s support for Trump reflects a shared concern over the implications of CBDCs. He emphasizes that such digital currencies could grant excessive control to the government over its citizens, a scenario he views as a direct threat to liberty. In his view, the adoption of CBDCs in the United States could lead to a situation similar to that in China, where the government exercises considerable influence over individual financial transactions.
Trump’s Stance on CBDCs and Free Speech
During a recent Bloomberg interview, Ramaswamy praised Trump’s detailed understanding of CBDCs and his openness to advice from experts. He highlighted Trump’s opposition to CBDCs, viewing it as a correct stance that aligns with the principles of individual liberty. Trump’s receptiveness to such viewpoints indicates his commitment to safeguarding personal freedoms against potential governmental overreach.
Ramaswamy also pointed out Trump’s strong position on free speech, contrasting it with what he perceives as a lack of commitment to this fundamental right in the current administration. He suggested that Trump’s advocacy for free speech could be a decisive factor in the upcoming election, potentially leading to a significant victory.
Ramaswamy Steps Back from Presidential Race
Recently, a platform reported on Trump’s strong opposition to CBDCs, labeling them as tools for “government tyranny.” This stance resonates with Ramaswamy’s long-held views on the subject. In June 2023, the American Institute for Economic Research quoted Ramaswamy’s firm rejection of CBDCs in the United States.
However, Ramaswamy’s journey in the presidential race reached its conclusion earlier this year. After securing only 8% of the GOP caucus vote in Iowa, he decided to withdraw from the race on January 16.. Following his withdrawal, Ramaswamy threw his support behind Trump, citing the need for a robust “America First” candidate.