Ludwig von Mises understood that locally-based governance "follows necessarily from the principle of the rights of man.” And it's why Rothbard supported secession and local governance right down to the most local level possible.
The Chinese regime hopes it can use a digital yuan to challenge the supremacy of the US dollar. That brings a host of geopolitical advantages, as well.
Hayek began as a socialist, but he came to believe that the ends of socialism could not be realized by socialist means, and he deemed it his duty to convey this view to a wide public.
