Federal Reserve
Central Bank Digital Currency: Paper Money isn’t the Solution
Physical paper money solves some of the privacy and security issues inherent in central bank digital currencies (CBDCs). But a lot of people seem to have forgotten that government-issued paper fiat is the parent of a CBDC, and it won’t solve the more fundamental...
Here’s How the Federal Government Is Mucking Up the Inflation Fight
By hiking interest rates, the Federal Reserve has pulled some of its monetary stimulus out of the economy. While the Fed hasn’t done nearly enough to put the inflationary fire it lit with more than a decade of easy money, cooling consumer price index (CPI)...
A $31 Trillion National Debt Matters Much More Than Most Think
On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion. As the Anti-Federalist writer Brutus warned: “I can...
Today in History: President John Tyler Vetoes a National Bank Bill Sparking Violent Protests
On this date in history, August 16, 1841, President John Tyler vetoed a bill to charter a new national bank to replace the Second Bank of the United States. Tyler’s veto led to demonstrations that still rank as the most violent protest on White House grounds in...