Why central bank digital currencies are a bad idea

Tomas Forgac, Mises Institute Central bank digital currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments. Some say that these cashless payments will rob us of the privacy advantages of cash while exposing us to bank runs, payment network blackouts, and foreign financial adversaries. Yet while these risks are […]

Rising food prices push annual rate of inflation 0.7 per cent higher in October

Jordan Press, The Canadian PressWed Nov 18 2020 14:55:29 OTTAWA — The country’s headline inflation meter jumped last month by 0.7 per cent compared to one year ago, the fastest the consumer price index has risen in months, largely on the back of higher food prices. October’s increase compared with a year-over-year rise of 0.5 […]

How easy money creates the boom-bust cycle

By Frank Shostak, Mises Institute11/10/2020 07:00:00According to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy. It is held that by inspecting various economic indicators such as the gross domestic product or industrial production, an analyst could ascertain the state of the […]