Headlines
A CBDC Would Not Be Money in the Sense Used in the Constitution
"A CBDC is not money because it is not a physical-bearer instrument, but rather by its very nature is trackable and cancellable, like a check or credit card payment." ~ Robert E. Wright
Economists’ Meaning of “Consumption”
"Because 'to produce' means 'to increase humans’ opportunities to consume,' Adam Smith is correct: consumption is indeed the sole end and purpose of all production." ~ Donald J. Boudreaux
Ga. Reps Slice Possible Lifeline for Kids in Failing Schools
"School choice will continue to be a battle across the nation, because some special interests have been given control over millions of children and billions of dollars, and they won’t give that power up without a…
De-dollarization Has Begun.
"The dollar, in some shape or form, will likely be around for a long time. Perhaps very long. But by weaponizing dollar dominance and permitting expanding mandates to disorient US monetary policy, the dollar’s fate as…
FDR’s Other ‘Day of Infamy’: When the US Government Seized All Citizens’ Gold
December 7, 1941 will forever be remembered as, in the words of Franklin Delano Roosevelt, “a date that will live in infamy.” Another infamous date is April 5, 1933—the day that FDR ordered the seizure of the private gold…
Hey, Uncle Sam: Stop Paying People for Not Working
A policy question these days that has befuddled federal lawmakers is why so many millions of people have not returned to the workplace in the post-COVID-19 era. The labor force participation rate among employable adults is…
Hey, Uncle Sam: Stop Paying People for Not Working
A policy question these days that has befuddled federal lawmakers is why so many millions of people have not returned to the workplace in the post-COVID-19 era. The labor force participation rate among employable adults is…
Banning Skittles Might Seem Trivial. It’s Not
My 9-year-old son and his teammates often buy Skittles at wrestling tournaments. Their theory is that eating them before matches gives them energy — especially certain colored ones. “The red ones make you kick a**,” one boy…
Silicon Valley Bank: Mismanagement Is Not an Excuse for Inefficient Regulation
"The mismanagement was endogenous to the regulatory regime. Rather than promoting financial stability, regulators have undermined it. Doubling down on a failed strategy will not make things better." ~ Nicolás Cachanosky
What if Gold Coins Were Mated With Bank Notes? An Interview with Jeremy Cordon of Goldback
"There is certainly a market for sound money that is hard to serve legally. Yet Cordon has proposed a way to serve that market – at least in an anachronistic sense. But those bought into the promise of cryptocurrencies,…
