Policy Reports

August 4, 2022

The Case Against A U.S. Central Bank Digital Currency

New digital assets like Bitcoin allow people to make peer-to-peer transactions. The innovation created by Bitcoin is that it is an immutable ledger of transactions. It is immutable in the sense that updates to the ledger require the consensus of the nodes on the Bitcoin network. It cannot be changed by any single party and therefore does not require the trust of any particular intermediary.

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May 11, 2022

How President Biden’s Agenda Slows Economic Growth

President Biden’s agenda includes raising taxes; substantially increasing government spending, including entitlement payments; imposing burdensome regulations on businesses and ordinary Americans; increasing the cost of labor through regulation and expansion of union power while real wages are declining; and forfeiting America’s energy independence.

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September 21, 2021

Economic Consequences of President Biden’s Fiscal Policy

President Biden has proposed to increase the burden of federal spending substantially over the next 10 years, diverting nearly $5.5 trillion from the private sector to the government according to independent experts.  Most, but not all, of this new spending would be financed with higher tax rates on work, saving, investment, and entrepreneurship.

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