The Fed Won’t Save Us from the Growing Jobs Recession
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Pelosi’s “Mandate”: What “Consent of the Governed” Really Means
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Jeff Deist on the Covid Stimulus Bill
Why the Marketplace Is Not a Zero-Sum Game
The Great Reset, Part II: Corporate Socialism
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Central Bank Digital Currency: A Primer
Introduction
There has been a lot of talk about central bank digital currency (CBDC) recently, as central bankers around the world are discussing the possibility of launching their own CBDCs. Some of the problems of CBDCs have been pointed out already (see, e.g., here and here), and I will not discuss them too much here. The purpose of the present article is to answer the simple question: What exactly is a CBDC?
Ebenezer Scrooge: Hero or Villain?
$900 Billion More Dollars: Coming Soon!
A Sunday night surprise came just in time for the holidays! Congress finally agreed to a $900 billion “COVID Stimulus Deal” as reported by news agencies across the country. Per CNBC, the bill will:
send new federal assistance to households, small businesses and health-care providers for the first time in months and fund the government through Sept. 30.
We’ll Know Trump Is a Fraud on Free Speech If He Doesn’t Pardon Assange
Mill: Socialism Could Work for More Advanced People
John Stuart Mill was more favorable to socialism than David Ricardo and his followers, even though Mill in economics was generally a Ricardian. In the preface to the third edition of his Principles of Political Economy (1852), he says that the main obstacle to socialism is that people might not yet be civilized enough to put it into practice. When people reach this higher state he isn’t sure what they will decide.
Mill says,
