Central bank digital currencies need to be centralized and manipulable to some extent in order to use them to implement monetary policy, which is central bankers' goal. This characteristic makes them a very risky proposition.
Government bureaucrats have their own standards for declaring when a pandemic has "officially" ended. But the de facto ending comes when the public stops paying attention.
In this timely series, several Mises Institute scholars and writers come together to discuss the themes running through the 2020 election race and the most important policy issues for the American presidency.
Is it still possible to "rouse the masses of people against the elites that are looting them" in effective numbers? As late as 1992, Rothbard thought so. And he had historical examples on his side.
Here's one scenario the markets perhaps have yet to consider. Thanks to the Twentieth Amendment, it's possible to end up with Pence winning the White House and Harris becoming VP.
Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.
