Walter Olson Tomorrow voters in six Western states (Nevada, Arizona, Colorado, Idaho, Alaska, and Montana) will consider versions of far-reaching primary reform. In two previous posts, I outlined what has been called the “primary problem,” referring to the way potential candidates of high quality and wide potential appear to get screened out because they don’t please one or the other ...
Jeffrey Miron In recent months, both President Biden and Vice President Harris have endorsed government interventions aimed at curbing rent increases, particularly targeting corporate landlords. Biden’s proposal to cap rent hikes at five percent under threat of losing federal tax breaks, alongside plans for affordable housing construction in Nevada, underscores a growing sentiment among policymakers that more regulation is the ...
Nicholas Anthony The Treasury Borrowing Advisory Committee has published a new presentation calling for central bank digital currencies (CBDCs) to replace stablecoins. Pointing to a history of so-called “wildcat banking,” the committee argued that just as the government monopolized the issuance of paper currency by establishing the Federal Reserve, the government should monopolize digital currency by establishing a CBDC: In ...