“If a government is going to introduce this new electronic currency system, there are only two ways that it would be widely used,” said Thomas Hogan, a senior fellow at pro-free market think tank American Institute for Economic Research in an interview on EpochTV’s “Crossroads.”

“One is, if it’s a really good system and people want to use it. We haven’t seen that anywhere,” the economist told host Joshua Philipp. “The other way is that, if they [the governments] are so forceful and so powerful, like in the case of China, they can essentially force the citizens to use it.”