Nick Anthony
@EconWithNick
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Policy Analyst at the @CatoInstitute's @CatoCMFA and Fellow at the @HRF. Covering CBDCs, financial privacy, and cryptocurrency. Opinions are my own.
Joined August 2019
Sign up for my Substack where I cover CBDC developments, financial privacy, debanking, financial freedom, and more. Price of $0/₿0/₳0/€0/₦0/Kč0/₸0/¥0 https://t.co/dDVMrSY3rz
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I smell #CORRUPTION - don’t you @USTreasury ?
There's something truly special about saying in the same sentence that the Treasury was not consulted during the drafting of the Bank Secrecy Act and that the Treasury helped with the crafting of the Bank Secrecy Act.
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“Many people celebrated President Donald Trump’s executive order targeting “political debanking.” Yet, those same people seem to be silent now that the president created new pressures to effectively debank the left.” - @EconWithNick Read his latest @CatoCMFA blog:
cato.org
The government has the power to decide, at the drop of a hat, who gets access and who doesn’t.
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There's something truly special about saying in the same sentence that the Treasury was not consulted during the drafting of the Bank Secrecy Act and that the Treasury helped with the crafting of the Bank Secrecy Act.
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I have to say... @POTUS creating the newest pressure to debank people was not on my bingo card. https://t.co/pWUe0Qmv8t
cato.org
The government has the power to decide, at the drop of a hat, who gets access and who doesn’t.
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It may seem like a fine line, but Congress should keep this distinction in mind.
cato.org
It’s hard to imagine how surveilling transactions between two individuals without a warrant does not run afoul of the protections guaranteed by the Fourth Amendment.
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The Financial Crimes Enforcement Network (FinCEN) is unable to identify how many arrests its surveillance regime has led to. Reform is long overdue. @EconWithNick explains why it’s time to stop the surveillance and restore financial privacy.
cato.org
FinCEN is unable to justify the $59 billion surveillance regime that required banks and other financial institutions to report their customers to the government more than 27.5 million times last year.
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"With crisp prose and sharply reasoned arguments, the book is brisk, engaging, and well worth reading. I recommend it without reservation—especially to CBDC proponents, who owe it serious attention." - @craigwarmke
https://t.co/X4KJfgWgSx
independent.org
Policymakers and commentators increasingly propose central bank digital currencies (CBDCs) to address shortcomings in the payments system. In leading
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"If members of Congress want to do more to protect the average American, they’ll lower the FDIC cap and pare back government involvement in financial markets." - @Norbertjmichel
forbes.com
The latest call for expanding the FDIC cap doesn't hold water. This expansion will protect a very concentrated group of Americans at the expense of everyone else.
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As part of its CBDC development, the United Arab Emirates just conducted its first "government financial transaction using Digital Dirham." https://t.co/5HNTvJlGRG
cbdctracker.hrf.org
A CBDC is a digital national currency. In the case of the United States, a CBDC would be a digital form of the U.S. dollar whereas, in Nigeria, their CBDC is a digital form of the Naira. Like paper...
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In1970, Representative Clawson basically predicted the future of the Bank Secrecy Act. "The very volume of this kind of information would be tedious for ... investigators to ... wade through." With nearly 30 million reports filed each year, it's safe to say he was right.
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Lots of fake news about the EU’s Anti-Money Laundering Package flooded the timeline this weekend, so here’s a quick breakdown of what these new regulations actually mean. First, the EU *is not* requiring an ID for every bitcoin transaction, as widely misreported. The EU’s AMLR
🚨NO, THE EU WILL NOT REQUIRE ID FOR EVERY BITCOIN TRANSACTION But the AMLR is still a massive pile of trash. Here's what the new regulations mean. Full story👇 https://t.co/NApOpwrcGj
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Although the bill repeats some of the missteps found in @SenKevinCramer's Fair Access to Banking Act, @SenThomTillis' bill offers some notable improvements. https://t.co/jGzPZJF32R
cato.org
Although the Ensuring Fair Access to Banking Act repeats some of the missteps found in Senator Kevin Cramer’s (R‑ND) Fair Access to Banking Act, the bill also offers some notable improvements.
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@EconWithNick "if you have nothing to hide, you have nothing to fear"
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@EconWithNick In rereading the founding documents, we were unable to find the section that gave the government free rein to monitor our financial dealings, even to protect us from bad actors or ourselves. 🤔
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This is a wild exchange from the Bank Secrecy Act hearings in 1970. A member of Congress asks why innocent people need privacy, acknowledges Jewish people fleeing the holocaust, and then says "History is a lot of hogwash in this."
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This week @CatoCMFA! ---------------- Articles: - Homeownership and Wealth: Why Policymakers Should Stop Subsidizing Risk - @NorbertJMichel & @JeromeFamularo
https://t.co/LbdQRlVRrX - The Case for Raising the FDIC Cap Just Doesn’t Add Up - @NorbertJMichel via @forbes
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Trump has more in common with Mamdani than he would like to admit.
Trump to the Novo Nordisk CEO: "Maybe you should give us a piece of the company like I've been asking for."
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.@RichardMorrison nailed it on the @freethe_economy podcast when he said, "Most of the value proposition for [libertarians] is that [Bitcoin] doesn't involve the government. [A CBDC] would be almost the opposite of what Bitcoin was supposed to be."
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When my gf asks if I sold the top on my basket of electronic coins, quantum shitters, datacenter stocks, and rare earth microcaps
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