By Brad Polumbo Millions of Americans have bought into forms of digital, decentralized money known as cryptocurrency, valuing its privacy and independence from government meddling. Naturally, politicians in Washington want to rain on the parade and shut down the newfangled currencies— like Bitcoin and Ethereum—that are beyond their control. One of the biggest opponents of … [Read more...] about Exposed: Congressman Trying to “Shut Down” Cryptocurrency Gets Biggest Donations From Big Banks and Financial Institutions
Banking
Central Banking as an Engine of Corruption
By Thomas J. DiLorenzo Much has been written about the famous debate between Thomas Jefferson and Alexander Hamilton over the constitutionality of America's first central bank, the Bank of the United States (BUS). This was where Jefferson, as secretary of state, enunciated his "strict constructionist" view of the Constitution, making his case to President George Washington … [Read more...] about Central Banking as an Engine of Corruption
Three Reasons Why Central Bank Digital Currencies Are a Bad Idea
By Tomas Forgac The central bank digital currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments. These cashless payments, we are told, rob us of privacy advantages of cash and while exposing us to bank runs, payment network blackouts, and to foreign financial adversaries. Yet, while these risks are … [Read more...] about Three Reasons Why Central Bank Digital Currencies Are a Bad Idea
Why Governments Hate Currency Competition
By Thorsten Polleit Introduction In this article, I would like to accomplish two goals: First, I want to explain what money is (and what it is not). I will argue that money is the medium of exchange, and that this is the only function of money. Second, I will point out why the size of the money supply does not matter and that the money supply does not have to grow to make an … [Read more...] about Why Governments Hate Currency Competition
One Weird Sign of Trouble in the Banking Sector
By Simon Black, Sovereign Man It was only a few generations ago that most people spent their entire lives within a few miles of where they were born. They grew up, lived, worked, and retired, all in the same place. And that was normal. Travel and relocation didn’t really become commonplace until after World War II. But even then, the most common reason people moved was … [Read more...] about One Weird Sign of Trouble in the Banking Sector