Fiscal Policy

Privacy, Power, Fiscal Policy, the Poor: Four Reasons to Worry about CBDCs

It has become clear by now that central bank digital currencies, or CBDCs, will be in our future and the technology will fundamentally change...

Corporate Profits Hit a Record High in the Third Quarter

U.S. corporate profits before tax and excluding adjustments for capital consumption and inventory valuation rose to a record-high $3,139.1 billion at a seasonally-adjusted annual...

Only Ending Lockdowns Can Stimulate the Economy

Last week, President Biden signed legislation that will increase fiscal spending by $1.9 trillion. While often referred to as a “stimulus” bill, it might...