Ohio Bill Would Ban the Use of a Central Bank Digital Currency as Money in the State
By: Mike Maharrey COLUMBUS, Ohio (May 15, 2023) – A bill introduced in the Ohio House would expressly exclude a central bank digital currency (CBDC) from the definition of money in ...
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The FDIC: Another Dark Legacy of FDR
By: Jacob Hornberger In 1933, the Franklin Roosevelt Administration brought into existence the Federal Deposit Insurance Corporation. Along with FDR’s nationalization of gold, his adoption of a paper-money system, his enactment ...
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Central Bank Digital Currency: Paper Money isn’t the Solution
By: Mike Maharrey Physical paper money solves some of the privacy and security issues inherent in central bank digital currencies (CBDCs). But a lot of people seem to have forgotten that ...
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Resolution Affirming State Nullification Introduced in Louisiana
by Peter Rykowski A resolution affirming “the sovereign right of Louisiana to nullify unconstitutional acts of the federal government” has been introduced in the Louisiana state Legislature. Senate Concurrent Resolution No. ...
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FDR’s Other ‘Day of Infamy’: When the US Government Seized All Citizens’ Gold
by Lawrence W. Reed Ninety years ago, Franklin Roosevelt told Americans they had less than a month to hand over their gold or face up to ten years in prison. ...
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FED LAUNCHES “QE LITE” PROGRAM TO BAIL OUT BANKS
by Michael Maharrey In the wake of two bank failures, on Sunday, March 12, the Federal Reserve and the U.S. Treasury announced a bank bailout program that could be dubbed ...
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Omnibus Shows Congress’s Priorities: Authoritarianism and War
By: Ron Paul Those hoping for a Christmastime government shutdown were once again disappointed when Congress passed a 4,000-page, $1.7 trillion omnibus appropriations bill that few, if any, Representatives and Senators ...
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Inflation in the United States
by John Steele Gordon The following is adapted from a lecture delivered on January 6, 2022, at Hillsdale College’s Allan P. Kirby, Jr. Center for Constitutional Studies and Citizenship in Washington, ...
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Unsustainable: Record Spending Can’t Go On Forever
By: Mike Maharrey The biggest government in history is effectively running on credit cards. The U.S .government ran a $1.38 trillion budget deficit in fiscal 2022 despite government receipts at near-record ...
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A $31 Trillion National Debt Matters Much More Than Most Think
By: Mike Maharrey On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt ...
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