Former Federal Reserve Chairman Alan Greenspan passed away last week at the age of 100. Greenspan chaired the Fed from 1987 through 2006.
Despite being a lifelong Republican, Greenspan refused to lower interest rates, though doing so may have helped George H.W. Bush’s 1992 reelection campaign. However, he did tailor monetary policy to support President Clinton’s 1993 budget, as well as the 1997 bipartisan budget deal.
The Supreme Court said more than they needed to in Trump v. Cook. Their narrow task was to decide whether Lisa Cook should be allowed to remain on the Federal Reserve Board while the litigation over Trump’s attempted removal of her continues. The 5-4 decision was that she should remain in office for the time being.
Within digital-libertarian circles, there is a persistent, almost religious belief that decentralized cryptocurrencies will organically starve the state of its power by enabling parallel, untaxable counter-economies. This techno-optimistic prophecy assumes that because the state cannot break the underlying mathematics of cryptography, it is effectively disarmed. Yet, this worldview conflates economic friction with true sovereignty.
