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OCC aligns with CEI suggestions in new stablecoin rule
Last week, the Office of the Comptroller of the Currency (OCC) released its long-awaited final rule implementing the GENIUS (Guiding and Establishing National…
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Why can’t we just print more money?
Last week, I attended an event at a think tank where the conversation centered on the federal budget and national debt. At one…
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Are stablecoins already delivering what CBDCs promise?
Many proposals for a central bank digital currency (CBDC), a digital form of the US dollar issued by the Federal Reserve, have circulated…
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News Release
Fed Raises Rates Again to Slow Inflation
The Federal Reserve has been trying to slow inflation by raising interest rates, today issuing its smallest rate increase since June – raising the…
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Gas Prices Are Lower than a Year Ago: What Does that Mean for Inflation?
Even with inflation near 40-year highs, gas prices are lower than a year ago, and not just in real, inflation-adjusted terms. They’re lower…
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Retro Review: George Selgin, Less Than Zero: The Case for a Falling Price Level in a Growing Economy (Institute of Economic Affairs, 1997)
This year, inflation reached levels not seen in 40 years. The Federal Reserve spent most of 2022 trying to undo its runaway money creation…
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October Inflation Slightly Improves: Time for Less Politics and More Policy
Thank goodness the election is over. One of the frustrating parts of midterm season was that many people were more interested in how inflation…
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Federal Reserve Raises Interest Rate; Uncertainty Strengthens Case for a Policy Rule
As expected, the Federal Reserve raised the federal funds rate by 0.75 percentage points coming out of this week’s Federal Open Market Committee…
Issues & Insights
Voters who think that putting Republicans in control of the House and Senate will make a big difference for the economy are in for a rude awakening. President Joe Biden has unleashed the regulatory Leviathan. Lawmakers will be hard-pressed to stop the damage.
The Competitive Enterprise Institute (CEI) just this morning released its hugely valuable report called “10,000 Commandments,” which is a compendium of the regulatory state. In…