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Mike Maharrey

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Central Bank Digital Currency: Paper Money isn’t the Solution

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 government-issued paper fiat is the parent of a CBDC, and it won’t solve the more fundamental problem – whether physical or digital, fiat currency isn’t real money. What Is …

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Money down the toilet

Here’s How the Federal Government Is Mucking Up the Inflation Fight

By hiking interest rates, the Federal Reserve has pulled some of its monetary stimulus out of the economy. While the Fed hasn’t done nearly enough to put the inflationary fire it lit with more than a decade of easy money, cooling consumer price index (CPI) indicates that this has put a modest dent in price inflation — …

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