CBN Governor Cardosa just said the naira went from being the worst-performing to the best-performing currency during his 6-month tenure.

It's probably worth disclaiming that the metric he is using is based on monthly growth since the crash earlier this year.

'With whatever policies you make... if they don't impact the man on the street, then you've done nothing.' - Central Bank of Nigeria Governor Olayemi Cardoso at the IMF's spring meetings in DC.

Sounds like a good reason to drop the eNaira.

I first met Travis Fisher just shy of a year ago when we discussed how backwards the Whitehouse was on bitcoin mining.

A year later... and well... the Whitehouse is doubling down. So we are back again to break it down on this episode of the Cato Daily Podcast.
cato.org/multimedia/cat…

In 2022 alone, the federal government conducted over 200,000 warrantless searches of Americans' phone calls, emails, and texts. Norbert J. Michel warns that the problems don't end there.

#CatoEcon

If cash was invented today it would be illegal

nic "bankful" carter And this isn't even an uncommon thing. Governments have been working for decades to make using cash more difficult.

It's here and it's beautiful. #WarOnPrices

You can pre-order your copy today.

amazon.com/War-Prices-Pop…

FinCEN has once again proposed subjecting investment advisers to Bank Secrecy Act and its reporting requirements. This attempt, like the ones before it, should be abandoned.

Read my comment on FinCEN's proposed rule.
cato.org/public-comment…

Algunas políticas de una moneda digital de banco central dependen activamente de que no haya alternativas disponibles, efectivo incluido. Las acciones hablan más que las palabras.

Cliquea en la imagen y lee a Nick Anthony ⬇️ buff.ly/3Uhh7Qm

.Nick Anthony warned of the dangers of enacting price controls on financial services in congressional testimony. Learn more here: buff.ly/3TavRi6 #CatoEcon

Jim Himes is the same representative that keeps trying to expand Treasury powers and remove financial surveillance checks and balances with the Special Measures bill.

twitter.com/i/status/17770…

Cato Institute policy analyst Nick Anthony says 'the Nigerian government is looking for anything other than its own actions to blame' for the naira's devaluation. Read more below

thefederalnewswire.com/stories/657680…

It is often claimed that the rich need to pay their fair share in taxes. New data show that the top 10% already pay three-quarters of US income taxes. Is that enough? cato.org/blog/tax-basic… #CatoEcon

On brand for Elizabeth Warren to try to bully the Chamber against challenging an outrageous CFPB price control. #WarOnPrices thehill.com/business/45908…

Tensions are increasing in the war on junk fees: Senators Warren and Whitehouse wrote last night to pressure the Chamber of Commerce to drop its lawsuit against the CFPB.

#WarOnPrices

thehill.com/business/45908…

Many people worry a central bank digital currency, or CBDC, will replace cash. But why is cash use declining in the first place? buff.ly/3JdcLDA #CatoEcon

I have to say… I did not have Mises getting a shout out on the UFC stage on my bingo card but I’m loving it.

The government can continue years of currency mismanagement. Or, it can embrace competition and work to create something every citizen will want to use. cointelegraph.com/news/nigerian-…

Iran: 1.8 million barrels of oil/day, despite sanctions (Mar.2024)
Russia: $94 billion oil revenue Q1 2024; 53.5% increase; trading $15/barrel above price cap. (Bloomberg, Apr.2024)
E.Warren: “cryptocurrency is now the method of choice for countries to evade sanctions” (5/4/23)

The CFPB’s Overdraft and NSF Mess by Nick Anthony cato.org/blog/cfpbs-ove… via Cato Institute #WarOnPrices