FinCEN should withdraw its proposals that seek to include investment advisers into the Bank Secrecy Act's surveillance regime.
cato.org/multimedia/cat…

The government has launched an all‐​out “war on junk fees.” But the Biden administration has been curiously silent on all of the fees charged by the government itself. Cato Institute's @EconwithNick lists 101 different late fees charged by the government.

cato.org/blog/101-late-…

With signs pointing to the House voting this week on whether to prohibit the Federal Reserve from issuing a CBDC, I couldn't think of a timelier moment to announce my book.

Coming out June 18, it has everything you need to get up to speed on CBDCs.
🔗: cato.org/books/digital-…

Representative Waters said it’s unthinkable for the U.S. to prohibit the creation of a CBDC given other countries are creating them.

Chip Roy responds saying he welcomes the idea of America carving it’s own path and standing independent.

Any central bank digital currency that is not open, permissionless, and private-like cash-is nothing more than a big government surveillance tool.

This week, the House Republicans will take action to prevent the Fed from ever issuing one by passing our CBDC Anti-Surveillance State Act.

This is remarkable. Rep. Waters says a CBDC can be private and points to the European Union without apparently knowing ECB President Christine Lagarde specifically said that even though Europeans want privacy, a digital euro would _not_ have the same privacy as cash.

youtube.com/watch?v=l_CE3b…

The American Economic Liberties Project is hosting a 'Anti-Monopoly Summit' right now & it's already high key hilarious.

The gist of the event is to congratulate themselves, the FTC and the DOJ for their string of FAILED lawsuits against businesses that aren't monopolies at all.

While many associate Section 230 with aiding large social media platforms, other players in the online community will be harmed in its absence. We urge members to resist this attempt to repeal or replace Section 230. JessicaPMelugin Vance Ginn ATR bit.ly/4btMtt0

By enacting these policies Oren Cass American Compass would be taxing individuals with a brokerage account, reducing workers’ retirement money, and empowering the Federal Reserve. These proposals are anathema to sound public policy and should be rejected by Republicans.

Oren Cass American Compass supports the Credit Card Competition Act, wants to enact Elizabeth Warren policies re: private equity, is in favor of a government run bank, and wants to impose taxes on trading stocks and bonds. These are NOT conservative policies.

cnbc.com/2024/05/21/tru…

Today’s WSJ. This is the first time I’ve seen that bottom graph.

Apologies to those who are sick of hearing about this topic, but this needs to be said, because it seems like almost no one criticizing Butker listened to his speech. In the controversial part in which he talks about the roles of the sexes, what he actually said was:

- Although

Bill Maher Drops Unexpected Bomb on Left’s Outrage for Harrison Butker’s Speech

“I don’t see what the big crime is.”

“I really don’t. And I think this is part of the problem people have with the left is

Dave Ramsey is the kind of based that people forget is so based that he's his own legend

Read and reflect, double edition.

Adam White has a very thoughtful essay for Law & Liberty on the prospects for administrative law should SCOTUS make significant changes to the Chevron doctrine.

Michael Greve has a very thoughtful response.

You owe it to yourself to read both.

Ahead of the House Financial Services Committee hearing on 'Oversight of Prudential Regulators,' DCUC sent a letter to remind and educate committee members on the important issues facing defense and #veteran related #creditunions . U.S. House Committee on Financial Services Financial Services GOP buff.ly/4dGgNSM

Union organizer quoted in the story: “We have educated baristas, people getting master's degrees. And we have these cafés full of remote workers. Someone that will pay $10 for a cup of coffee is not your average Joe drinker. It's a community of progressives.' H/T Hannah Cox

Competitive Enterprise Institute John Berlau (And, as I always say, Put Not Thy Faith in Judges.)

'The only hope for responsible government is for Congress to rediscover its own prerogatives and repeal unusual funding mechanisms for executive agencies that exercise more power over American citizens than the Post Office – starting with the CFPB.” 2/3