A bill introduced in the Florida House would ban the use of central bank digital currency (CBDC) in the state. Rep. Wyman Duggan (R) brought House Bill 7049 (H7049) to the House Commerce Committee on March 28, and the committee voted along party lines to officially...
According to the St. Louis Fed, there are three functions of money. First, as a store of value. Second, as a unit of account. Finally, as a medium of exchange. The enumeration of these functions represents an attempt to present money and the banking system as...
The European Union is developing proposals on what to do with assets seized from the Russian central bank by member states. According to European officials, the bloc may invest the money and hand the returns to Ukraine.
New York Times Technology writer David Streitfeld recently examined the role the Federal Reserve’s easy money policies played in the rise and, if not fall then at least slippage, of many technology companies. Immediately after the bursting of the housing bubble (which...
On Friday, residential real estate brokerage firm Redfin released new data on home prices, showing that prices fell 0.6 percent in February, year over year. According to Redfin's numbers, this was the first time that home prices actually fell since 2012. The...
Some big, round-numbered interest rate thresholds have been passed in recent days including 4.0% on the 10-year UST, 5.0% on the 2-year UST and 7.0% on the 30-year mortgage. These all come at the end of extended round trips, of course, so the question at hand is how...
Russia Ukrainian President Volodymyr Zelensky said Friday that Ukraine is preparing to launch attacks to recapture Crimea by forming new military units and sending troops to train in other countries. AWC German Chancellor Olaf Scholz and French President Emmanuel...
Russia Russian President Vladimir Putin on Tuesday announced that Moscow is suspending its participation in New START, the last remaining nuclear arms control treaty between the US and Russia. AWC An advisor to Ukrainian President Volodymyr Zelensky told POLITICO on...
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