IMF Offers a Glimpse at the Perils of Central Bank Digital Currencies
Government-controlled digital money could mean the end of financial privacy and independence.
Government-controlled digital money could mean the end of financial privacy and independence.
In 2021 Trump called bitcoin a "scam" but he seems to have realized his political coalition includes cryptocurrency enthusiasts.
If the former president wins the 2024 race, the circumstances he would inherit are far more challenging, and several of his policy ideas are destructive.
Increasing the supply of housing requires looser rules and fewer bureaucratic delays.
Plus: The Federal Reserve cut interest rates, Congress still isn't cutting spending, and more....
Plus: J.D. Vance's shifting views on mass deportations, federal bureaucrats steal Disney World tickets from homeless kids, and more...
From salt riots to toilet paper runs, history shows that rising prices make consumers—and voters—grumpy and irrational.
Facing an economic downturn in the 1990s, Japan racked up debt. America should not repeat that mistake.
A few reasons to remain calm about the economy
Plus: Emhoff scandal, Iran and Hezbollah possibly striking Israel, Nirvana facts, and more...
A key indicator has predicted every recession since 1970, and the alarm just sounded.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
Plus: The Federal Reserve considers an interest rate cut, its chairman considers persistently high inflation, housing pops up on the National Mall, and more...
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
Plus: Hunter Biden is guilty of crimes that shouldn't be crimes, North Dakota's voters take on gerontocracy, and more...
Price controls lead to the misallocation of resources, shortages, diminished product quality, and black markets.
The Institute for Justice has launched a project to reform land use regulation.
Plus: A listener asks the editors about cancelling student loan debt.
And for good reason: Even at 3.5 percent, inflation is running higher than it did in almost every year for three decades before 2021.
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.
Plus: California reparations bills drop, the Biden administration continues the war on gas stoves, and D.C.'s rising crime rate.
Reagan's former budget director says Donald Trump killed prosperity—and the GOP's core beliefs in capitalism and freedom.
Reagan's former budget director says pro-inflation policies destroyed prosperity—and that the only solution is a new, anti-statist political party.
"At its core, money is a ledger," writes the investment analyst in her new book, Broken Money.
Join Reason on YouTube and Facebook at 1 p.m. Eastern for a discussion with Lyn Alden about her new book, Broken Money.
Plus: Israeli forces get close to Gaza City, scenes from the Sam Bankman-Fried trial, mini-millionaires, and more...
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
Especially because the once-dismissed possibility of rising rates is now a reality.
The Federal Reserve's higher interest rates were supposed to trigger changes to fiscal policy. So far, that hasn't happened.
Plus: DeSantis campaign on life support, Biden climate corps seeks to waste your money, implanting chips into brains, and more…
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
The founder of Custodia Bank discusses the future of bitcoin and banking.
New legislation would intervene in the credit card market to help businesses like Target and Walmart, who don't like the fees they have to pay to accept credit card payments.
Caitlin Long's Custodia Bank will hold 108 percent of customer funds on deposit...if the Federal Reserve will allow it to open.
The FTX meltdown, "Operation Chokepoint 2.0," and a "crypto winter" have only strengthened the resolve of the enthusiasts Reason spoke with at the annual National Bitcoin Conference in Miami.
Plus: Was Gerald Ford right to pardon Richard Nixon?
"If you don't trust central authority, then you should see this immediately as something that is very problematic," says the Florida governor.
Plus: Twitter complies with a greater portion of government censorship requests, a judge allows an antitrust suit against Google to go forward, and more...
The main driver behind the reduction is inflation—inflation that politicians created with their irresponsible spending.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
Plus: the terrible case for pausing A.I. innovation
Vernon Smith weighs in on Biden's budget, how government causes inflation, and why bailing out Silicon Valley Bank was a bad idea.
Join Reason on YouTube and Facebook Thursday at 1 p.m. Eastern for a discussion about bank runs, the Fed, and bitcoin.
Plus: A listener asks the editors if the nation is indeed unraveling or if she is just one of "The Olds" now.
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