Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals
The evidence suggests that the Bank Secrecy Act framework has proven a minor inconvenience for criminals but a major burden...
Central Bank Digital Currencies and Freedom Are Incompatible
The truth is CBDCs are government’s attempt to protect its privileged position and exert more control over people’s money. In...
Fed Must Act Now to Stop Runaway Inflation
Price inflation in the United States is getting out of control. Americans are seeing prices rise at the fastest rates...
Price Stability Is More Than Enough for the Fed — No New Mandates
It’s no secret that the Fed is having a hard time controlling inflation. While it is failing at its primary...
Will Federal Reserve Losses Impact Fed Shareholders or Affect Monetary Policy?
The United States is experiencing the highest inflation in 40 years. The Federal Reserve has finally started raising interest rates...
Who owns the Fed’s massive losses?
We estimate that at the end of May, the Federal Reserve had an unrecognized mark-to-market loss of about $540 billion on its...
Are Cryptoassets The Great Scam?
At the New York Times, Paul Krugman writes that cryptoassets are a “Great Scam,” with all cryptoassets worthless. He even...
Who Owns Federal Reserve Losses and How Will They Impact Monetary Policy?
For the first time in its 108-year history, the Federal Reserve System faces massive and growing mark-to-market losses and is...
