The end of this month (31 October 2018) will mark the 10th anniversary of the online posting of the now-famous white paper by “Satoshi Nakamoto” outlining the concept of “Bitcoin: A Peer-to-Peer Electronic Cash System.” This is an opportune occasion to compare what Bitcoin has achieved with…
Last week, I had the pleasure of addressing the Michigan Credit Union Economic Summit on the future of financial services. I discussed emergent themes in financial regulation as a result of new technologies, and their implications for the industry. Here are my remarks — I hope you…
(Today we celebrate the great Walter Grinder’s 80th birthday by reposting our tribute to him on his 75th.) Walter E. Grinder turns 75 years old today [80 now!]. He is the former CEO of the Institute for Humane Studies and President Emeritus of the Institute for Civil…
From the beginning, there is one embarrassing and evident fact that Professor White has to cope with: that "free" Scottish banks suspended specie payment when England did, in 1797, and, like England, maintained that suspension until 1821. Free banks are not supposed to be able to, or…
The Fall 2018 edition of the Cato Journal, an interdisciplinary journal of public policy, is now available online. In this latest issue, CJ editor and founder (and Cato VP of monetary studies) James Dorn includes two articles and two book reviews on financial regulation and monetary policy…