What problem does a CBDC solve? Deputy Governor Andrew Abir just announced that he sees a CBDC as a way for the central bank to become a competitor with commercial banks.

Talk about saying the quiet part out loud here... and proudly at that.

boi.org.il/en/communicati…

Notable quotable:

House Speaker Mike Johnson, to @Jaketapper, on the significance of the foreign aid bills: 'I'm a child of the '80s. I regard myself as a Reagan Republican. I understand the concept of maintaining peace through strength.'

I’ve made my disagreements with NatCons clear. But no amount of disagreement makes a case for their conference in Brussels to be shut down. In National Review I applaud Freedom Conservatism for standing up for their perceived internecine rivals: nationalreview.com/corner/let-the…

Ironically, Brussels just exercised the kind of power that the NatCons want to import to America. Maybe this will serve as a reminder that the reason we don't want such power here is because there's no guarantee who gets to wield it.

Nat Cons: The State should be wielded against distasteful ideas

Also Nat Cons: No, no, not like that!!

politico.eu/article/brusse…

The U.S. is at around 125% debt-to-GDP. Of the last 34 countries that got this indebted, 33 had to restructure their debt… The government needs to cut spending dramatically if we’re going to stand a chance against what may be a debt death spiral. Tighten the belt!!!

Plausible theory

hmm seems like we should reevaluate the policy consensus that got us here

This FREOPP ROI analysis conducted by Preston Cooper also finds Georgia Tech among the highest value institutions of higher education: freopp.org/we-calculated-…

Still can’t believe this was the final play of Nick Saban’s reign over CFB

Marvin Ammori Uniswap Labs 🦄

'You’d think that the biggest drug companies with the biggest R&D budgets would have the most productive research labs,' Avik Roy Roy and Gregg Girvan 🇺🇸🇺🇦 of FREOPP write.

'But it doesn’t work that way.' wapo.st/3J7AyEG

We just wrapped up the “Bitcoin and Political Economy” panel at the #BitcoinPolicySummit in Washington, D.C. I asked my colleague @avik about the relationship between Congress and the administrative state (esp. federal regulatory agencies) and how that impacts American democracy.…

Reminder that 'the banks' have not made federal student loans since 2010, and bank-originated federal loans were not eligible for the original one-time cancellation plan or the SAVE plan. Begging cable news producers to do some basic fact-checking. Community Notes

Further reading on my thesis from FREOPP on how Bitcoin can protect Americans from the debt-driven inflation to come: freopp.org/how-bitcoin-pr…

Looking forward to seeing everyone today at the Bitcoin Policy Institute Bitcoin Policy Summit at the National Press Club in DC (also being live-streamed). Speaking at 1:25p ET on the policy challenges to come, if #bitcoin reaches its full potential as the world’s preferred store of value.

Will likely be ruled unconstitutional by SCOTUS again just like in Biden v. Nebraska. US Congress has the power of the purse. In the words of the Chief Justice, the Higher Education Act of 1965 only gives Ed Sec power to “cancel or reduce loans in certain limited circumstances'