Free Banking
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Dear CFPB: Your Cure Is Worse Than the Disease
“…Limiting access to credit through these regulations and reducing competition in credit markets would do far greater damage to Americans hoping to access credit.” ~Peter Earle and Thomas Savidge
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How the West Won the Money Race
“Today the world still benefits from monetary and financial innovations begun in China, then picked up and carried like a baton in Renaissance Europe.” ~Paul McDonnold
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Another Year, Another Crisis
“From inflation to a Fed tightening cycle, to banking losses and now real estate tremors, we again find ourselves climbing tenuously out of one hole only to collapse limply into another.” ~Peter C. Earle
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Worst US Bond Selloff Since 1792
“The failure of numerous banks at once can damage the economy, as bank failure waves did during the Great Depression, the Savings and Loan crisis in the 1980s, and the 2007-10 meltdown.” ~Robert E. Wright
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Get Ready to Kiss Your Credit Card Rewards Goodbye
“The benign-sounding Credit Card Competition Act is a double whammy. It’s not just a threat to my credit card rewards; It’s a violation of my libertarian principles.” ~Jon Miltimore
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Entrepreneurs Thrived During America’s Free Banking Era
“Entrepreneurs thrived during the era of free banking in the United States, even with restrictive banking laws, which handicapped private banks from being more efficient.” ~ Michael N. Peterson
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The Fight against ESG and Global Governance
“ESG is a segue into global governance, but there is growing decentralized resistance against hyper-centralization.” ~ Kate Wand and Allen Mendenhall
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The Costly Late Arrival of FedNow
“Policy makers should ensure that the US payment landscape is efficient, accessible, and beneficial for all stakeholders involved with as little government involvement as possible.” ~ Nicolas Cachanosky
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The Mating of Economic Ideas and Bitcoin
“As Bitcoin is a highly decentralized and antifragile system with no real-world backed assets that can be seized to shut it down, appears to be the only realistic candidate to introduce something that government cannot stop.” ~ Emile Phaneuf III
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In Defense of Interchange Fees
“Interchange fees, long derided as a cost center for vendors that accept credit cards, may serve as a check on hyper-politicized consumer businesses.” ~ Dave Birnbaum
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Where Has All The Lending Gone?
“Will the traditional banking industry quell the quickening spirit of free banking, or will the growing demands for P2P lending services win out?” ~ David Gillette and Caroline Wright
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Decentralization and Bitcoin
“Bitcoin itself is a currency that might best be considered existing in a state of anarchy.” ~ Emile Phaneuf
