Cato CMFA (@CatoCMFA) on X (original) (raw)

@CatoInstitute

’s Center for Monetary & Financial Alternatives is a think tank project dedicated to finding alternatives to failed monetary and financial regimes

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  The United States should not launch a CBDC. No government should have the kind of power that a CBDC provides. buff.ly/46f7apV #CatoEcon
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  What should policymakers know about the gold standard? James Dorn highlights
  @GeorgeSelgin
  's "10 Essential Points" in the Fall 2020 Cato Journal: buff.ly/32vHQ0r
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  "Finally, there is no evidence that cryptocurrencies have environmental externalities beyond those that can be ascribed ... wherever electricity is inefficiently priced. But public policy, not cryptocurrency innovation, is at fault there." - @FintechDiego buff.ly/2wGnGzL
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  Who Said It—a Natcon or a Socialist? "As productivity growth has slowed, the economy has become more financialized, which means that resources are increasingly channeled into means of extracting wealth from the productive economy instead of producing goods and services."
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  Billions of dollars in marijuana-related profits are handled almost exclusively in cash. Join us at the
  @CatoInstitute
  on May 10 for a screening of
  @FedSoc
  's award-winning short documentary on the topic, followed by a roundtable discussion. Register here: buff.ly/2Koda6k
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  No American should be forced to report their private, financial transactions to the government if the government is unable to provide a warrant. buff.ly/3Yqrqld
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  Who Said It—a Natcon or a Socialist? “The damage from overdevelopment of the financial sector is two-fold, both depriving the real economy of much needed enterprise-building talent and then using that talent instead to manipulate and cannibalize what enterprises are built.”
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  Who Said It—a Natcon or a Socialist? "[T]he increase of speculative instruments, out of all proportion to the underlying “real economy,” constituted the essence of the financialization process taking place in these years.”
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  The
  @StLouisFed
  released a primer on Bitcoin and blockchain technology. "Bitcoin is not the only currency that has no intrinsic value. State monopoly currencies, such as the U.S. dollar, the euro, and the Swiss franc, have no intrinsic value either." buff.ly/2DjQaom
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  Who Said It—a Natcon or a Socialist? “The absentee factory-owners and money-juggling financiers divorced from the productive process are not straw men. They retain ultimate power.”
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  Who Said It—a Natcon or a Socialist? “When firms do use this money … it is frequently to pay dividends to stockholders, buy up other companies, or else to buy company stock in the hope of driving share prices up: a pure speculative endeavor.”