Plus: Steep drop in confidence in higher education, what The Bear can teach us about dynamism and bureaucracy, and more...
'Cash Is Independence': Ron DeSantis Slams the Government's Plan for Centrally-Controlled Digital Money
"If you don't trust central authority, then you should see this immediately as something that is very problematic," says the Florida governor.
Most dangerously of all, they're starting to make their own central bank digital currencies.
Inflation damages the economy while doing the greatest harm to the most vulnerable.
The Massachusetts senator also came out in favor of creating a central bank digital currency
Regarding the authoritarian country's central bank digital currency, you do not, under any circumstances, “gotta hand it to them.”
Politicians attack dollar-backed cryptocurrencies called “stablecoins” and the decentralized finance it enables
It's even worse than the widely-skewered broker provision.
Turkey shows the danger of inflation and giving officials free rein to mess with money.
Though domestic crypto transactions were banned back in 2017, today's move signals that Chinese authorities are making good on their threats from earlier this year.
Officially adopting the currency is great news, but mandating acceptance is a problem.
Why is it so hard for him to just admit he was wrong?
Chairman Jerome Powell says the Fed will look into the "benefits and risks" of a digital dollar.
There are any number of ways regulators may seek to clamp down on cryptocurrencies.
Will Ecuador make the same mistake Venezuela already suffered through with dedollarization?
Western countries aren’t immune to the siren call of surveillance via commerce-tracking.
Besides, the regulators are already licking their chops.
Trump Administration Labels China a 'Currency Manipulator' After China Briefly Stops Manipulating Its Currency
Don't worry about China's currency manipulation. It only hurts China's own people, and benefits American consumers and businesses.
Stocks plunge as China cuts off purchases of American agricultural goods, U.S. responds by labeling China a "currency manipulator" because the Chinese government is no longer artificially propping up the yuan.
Many digital payments can be tracked, potentially assisting an authoritarian crackdown.
A cashless society is a monitored (and potentially controlled) society.
Economists Kenneth Rogoff and Lawrence H. White face off over what the impact would be of a ban on cryptocurrency and phaseout of the $100 bill.
This will hurt innocent people. It may harm legal businesses. And it won't actually work.
Officials want to track every financial transaction you make, and they see cryptocurrencies and cash alike as barriers to achieving that goal.
Evaluating the current cycle of buzz
Q&A with Caitlin Long, a former Morgan Stanley managing director, cryptocurrency enthusiast, and recent convert to Austrian economics.
Modi restores a command economy, ends liberalization.
The rise of ramen noodles as prison currency can be blamed on cost-cutting that leaves prisoners hungry, says a new study.
In an age of digital transactions, demand for British banknotes and coins continues to grow to satisfy off-the-books work.
News outlets repeated the claim while Internet commenters were skeptical.
This is what a bank run looks like.
If unaddressed, an arbitrary protocol quirk implemented by Bitcoin creator Satoshi Nakamoto could soon undermine the scalability and long-term viability of the cryptocurrency.
Evading state control is a feature, not a bug
They'll try anything but lowering taxes and reducing regulations