Whether it’s actual inflation, or the kind of “inflation” that only economists and their media enablers tend to imagine it to be, a consensus invariably emerges that the Federal Reserve must “raise interest rates” to rein in the lending that has allegedly caused inflation. Translated, price controls from the Federal Reserve to supposedly bring […]
Banks Wouldn’t Cause Inflation, Not Could They Ever Cause It Read More »
Do you the reader transact with cryptocurrencies? Do you store wealth in them? Particularly if the answer is no, it’s useful to think about such an answer in light of a recent national poll conducted by The Digital Chamber. It’s evident that change is afoot, and the latter is perhaps rooted in growing familiarity with, and
The Rising Political Power of the Crypto Voter Read More »
“They’re on track to becoming the richest person on earth eventually.” Those are the words of Cullen Hoback, creator of a new HBO documentary (“Money Electric: The Bitcoin Mystery”) which purports to having perhaps uncovered the actual person behind “Satoshi Nakamoto,” creator of Bitcoin. To be fair to Hoback, he’s not offering certitude, rather he speculates
‘Satoshi Nakamoto’ Is Why Bitcoin Will Never Be Money Read More »
For the longest time banks have relied on the law to protect the private property of their account holders. Ironically, those same banks increasingly find themselves in the unenviable position of protecting themselves from the law. Consider Sen. Elizabeth Warren’s Protecting Consumers from Payment Scams Act, co-sponsored with Sen. Richard Blumenthal & Rep. Maxine Waters. Warren, Blumenthal
Elizabeth Warren’s Payment Scams Act Will Subsidize the Scammers Read More »
Visa is one of the country’s most accepted credit and debit cards, with the company’s motto boasting: “Everywhere you want to be.” To the federal government, Visa’s widespread utility for cardholders is a bad thing. Visa is facing an antitrust lawsuit from the Department of Justice, which accuses the company of acting like a monopoly.
Treat the Antitrust Lawsuit With Skepticism Read More »
According to a recently released report from the New York Fed, Americans collectively owe over $1.1 trillion on their credit cards. Reports like this have a tendency to elicit bad ideas from politicians. For instance, Donald Trump has called for federal caps on interest rates charged to those who run up credit-card debt. Except that readers
It’s Lost on Christopher Waller That Shareholders Require Returns Read More »
While electronic payments and transfers are quite a bit safer than they used to be, there remains the forever problem of individuals devising ways to separate those with wealth from it.
Saddling Banks With P2P Scams Screams Non Sequitur Read More »
There is no “money multiplier.” If there were, money wouldn’t exist as an exchange medium.
Whom Do You Believe? ‘Money Multiplier’ Theorists, or Warren Buffett Read More »
His insulting description of a “drunk on credit” economy is actually an unwitting compliment from the famously sour pundit
Opposite James Grant’s ‘Drunk on Credit’ Thesis, Governments Have No Resources Read More »
Will the Federal Reserve fiddle with rates more to fight what economists imagine deflation to be? If the question reads as flippant, that’s because it is
As Electric Vehicle Prices Decline, Will the Federal Reserve Step In? Read More »
