Thank you to @npub17xvf...c9as for the shout-out in the Oslo Freedom Forum report!
Human Rights Foundation
2025 OFF Recap Report
Nick Anthony
EconWithNick@verified-nostr.com
npub1n2m8...gflr
Policy Analyst at the Cato Institute's Center for Monetary and Financial Alternatives and Fellow at the Human Rights Foundation. Covering CBDCs, financial privacy, and cryptocurrency. Opinions are my own.
Paul Krugman argues that the U.S. should adopt a "partial CBDC" and points to Brazil as the example to emulate. Specifically, he points to Pix.
Has he really not heard of FedNow?
He says the "financial industry just has too much power, and would never allow a public system to compete with its products."
Again, has he really not heard of FedNow? Or for that matter, the Fed's check and ACH services?
Frankly, it's also strange that Krugman criticizes concerns about CBDCs but makes no mention of the fact that Pix was forced on people. The government forced banks to adopt it.
For anyone interested in what's happening with Brazil's actual CBDC work. The HRF CBDC Tracker has you covered.
He says the "financial industry just has too much power, and would never allow a public system to compete with its products."
Again, has he really not heard of FedNow? Or for that matter, the Fed's check and ACH services?
Frankly, it's also strange that Krugman criticizes concerns about CBDCs but makes no mention of the fact that Pix was forced on people. The government forced banks to adopt it.
For anyone interested in what's happening with Brazil's actual CBDC work. The HRF CBDC Tracker has you covered.
CBDC Tracker
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, the...
Speaking on CBDCs, Representative Waters says anti-CBDC legislation must be stopped because "it's time for the US government to take charge" so "we don't have [cryptocurrency] or anything else without the federal government knowing and being in control."
Representative Sherman decided to dedicate the GENIUS Act to the "ghost of Sam Bankman-Fried."
This is Congress.
No notes, @UNCLE ROCKSTAR. This take is brilliant haha
Slightly embarrassed to admit this, but there was about 4.2 seconds where I thought this alert said there was a liquidity problem with lightning
The ease of sharing long-form work on Nostr is unreal.
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Dictators regularly use the financial system to target opposition. @gladstein says Bitcoin offers a lifeline: "It's money that dictators can't stop."
"If you try to force people to adopt something they’re uneasy with, because they’re anxious about the power it would give you over them, the whole thing risks confirming the very concerns about coercion and control that touched off their resistance in the first place." - @Roger H
Human Rights Foundation
House money
Brendan Hasenstab & Roger Huang Why are countries around the world developing virtual legal tenders? Roger Huang on the origins, implementation, an...
Maybe it’s just me, but seeing that the Bank of England can’t build a functioning menu bar doesn’t exactly inspire confidence for the digital pound.
Luckily, the @HRF CBDC Tracker has you covered if you want all the latest information.
CBDC Tracker
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, the...