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Former President Donald Trump expressed significant concerns about central bank digital currencies (CBDCs) and advances in artificial intelligence (AI) during an interview on Fox's Sunday Morning Futures.
With the Republican Party potentially putting him forward in the 2024 presidential election, Trump's critical views on these issues are attracting widespread attention.
CBDC: a path to government surveillance
Trump has sharply criticized CBDCs, describing them as mechanisms that could allow the government to further monitor and control individuals' finances. He said:
“It can be a very dangerous thing.”
He vividly described a future in which CBDCs undermine personal autonomy, serving as tools for possible government overreach. While maintaining a consistent position, Trump has argued that CBDCs pose a significant risk to privacy and fundamental principles of liberty and autonomy.
His strong opposition to CBDCs aligns with his broader economic narrative that prioritizes protecting individual freedoms against the threat of government tyranny. Trump has positioned himself as a staunch opponent of CBDCs, warning that they could lead to scenarios in which the government could drain individuals' accounts without notice.
AI: the biggest danger
Trump's remarks on artificial intelligence (AI) were particularly alarming. He called AI “the most dangerous thing there is” because there is “no solution.” Trump said it was “so scary” that AI could be used to create something completely fake.
He recounted an experience with a deepfake video that falsely depicted him, illustrating the difficulty of distinguishing real content from manipulated content.
Trump's concerns extend beyond disinformation and extend to broader issues of security, privacy and the potential for technological advances to spark conflict through a convincing imitation of reality. He added:
“It’s a huge problem in terms of security.”
Calling for immediate action to mitigate these risks, Trump highlighted the dual nature of AI: its potential for innovation and its capacity for deception and disruption. His call to regulate and control the development of AI aims to prevent its misuse, reflecting a consensus among leaders and experts on the need for oversight.
Steering policy and public debate
Trump's criticism of CBDCs and AI is an important contributor to public discourse, resonating with those wary of government overreach and the rapid growth of powerful technologies.
As the 2024 elections approach, these topics are set to become central themes, forcing candidates to define their positions on innovation versus regulation and on preserving individual freedoms in the digital age.
Trump's latest comments open a broader debate about technology, privacy and government control, encouraging policymakers, technologists and citizens to engage in a detailed discussion about our digital future.
With Trump's voice as a catalyst, the conversation around CBDCs and AI is expected to deepen, influence policy decisions, and shape the national agenda as the presidential election approaches.
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