How the Federal Reserve Backstops the Biggest Government in History
The Federal Reserve is the engine that drives the biggest government in history. Without the central bank’s machinations, the U.S. government wouldn’t be able to borrow and spend to the extent that it does. Congress wouldn’t be able to sustain...
Record Number of Banks Working With Marijuana Businesses Despite Federal Prohibition
A record number of banks and credit unions are doing business with state-legal marijuana businesses despite ongoing federal cannabis prohibition – and attempts by the Federal Reserve to help enforce it. The federal Financial Crimes Enforcement Network (FinCEN)...
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...