Caitlin Long on Why Politics Should Stay Out of Banking
The founder of Custodia Bank discusses the future of bitcoin and banking.
The founder of Custodia Bank discusses the future of bitcoin and banking.
New legislation would intervene in the credit card market to help businesses like Target and Walmart, who don't like the fees they have to pay to accept credit card payments.
Caitlin Long's Custodia Bank will hold 108 percent of customer funds on deposit...if the Federal Reserve will allow it to open.
The FTX meltdown, "Operation Chokepoint 2.0," and a "crypto winter" have only strengthened the resolve of the enthusiasts Reason spoke with at the annual National Bitcoin Conference in Miami.
Plus: Was Gerald Ford right to pardon Richard Nixon?
"If you don't trust central authority, then you should see this immediately as something that is very problematic," says the Florida governor.
Plus: Twitter complies with a greater portion of government censorship requests, a judge allows an antitrust suit against Google to go forward, and more...
The main driver behind the reduction is inflation—inflation that politicians created with their irresponsible spending.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
Plus: the terrible case for pausing A.I. innovation
Vernon Smith weighs in on Biden's budget, how government causes inflation, and why bailing out Silicon Valley Bank was a bad idea.
Join Reason on YouTube and Facebook Thursday at 1 p.m. Eastern for a discussion about bank runs, the Fed, and bitcoin.
Plus: A listener asks the editors if the nation is indeed unraveling or if she is just one of "The Olds" now.
Join Reason on YouTube and Facebook Thursday at 1 p.m. Eastern for a discussion of the Silicon Valley Bank meltdown and bailout of depositors with economist Arnold Kling.
Prices rose by 0.4 percent in February and core inflation was up 0.5 percent, the third consecutive month that it has increased.
During the pandemic, the U.S. mortgage market avoided collapse without any bailouts. Here's how.
Plus: The editors recommend the best books for sparking interest in free market principles.
The Fed's anti-inflation measures had to hurt someone.
Plus: Fox News troubles, junk statistics about illicit economies, and more...
Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power.
Plus: the editors field a listener question on intellectual property.
January's consumer price data indicates another drop in annual inflation, but the past three months might tell a different story.
Fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points.
Economists Lawrence H. White and Frederic Mishkin debate whether the Federal Reserve should be replaced with free market institutions.
Economists Lawrence H. White and Frederic Mishkin debate whether the Federal Reserve should be replaced with free market institutions.
The Lords of Easy Money argues that the Fed created an economy with nearly irresistible incentives for foolish choices.
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
Plus: Elon Musk bans Twitter account that tracks his private jet, Iong permit waits to build new apartment buildings in San Francisco, and more...
Food prices were up 0.5 percent during November, even as energy prices fell by about 1.6 percent.
It's especially outrageous when considering the billions of dollars in fraud that took place thanks to COVID-19 relief programs.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.
His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.
Prices for food and housing continued to rise but were offset by lower gas and energy prices.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
The economy is spinning, but we’ve proven there are viable ways to slow it down to more bearable levels.
Interest rates and servicing costs could push us into worrisome territory sooner than we think.
Plus: Libertarian Party drama, how rent control hurts renters, and more...
The self-described freedom maximalist explains why he isn't put off bitcoin by its decline since last November.
The Federal Reserve started the problem, and consumers are paying for the consequences.
It would force us to "live within our means," says the president of the Foundation for Research on Equal Opportunity.
The president's argument is amazing for its tone-deafness, inconsistent thinking, and sheer economic ignorance.
Inflation damages the economy while doing the greatest harm to the most vulnerable.
Biden's three-point plan to tackle inflation is really a one-point plan: Let the Federal Reserve handle this mess.
The self-described "freedom maximalist" and former hedge fund manager talks "incorruptible money," Austrian economics, and why Satoshi Nakamoto's invention is unstoppable.
There is seldom any meaningful accountability for government incompetence.
No matter how you slice it, no one person or policy is solely to blame for surging inflation.
Four economists at the Federal Reserve say America's high rate of inflation relative to the rest of the world is the result of surging disposable income during the pandemic.