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" ... An unequivocal pronouncement last Saturday by President Trump that unemployed individuals would see $400 per week in benefits has already been amended by White House officials. The result is that millions of unemployed Americans may only see $300 in enhanced weekly unemployment benefits, a 50 percent reduction from the $600 weekly federal bonus that was disbursed until the end of July. ... "
" ... Even more to the point, the January pronouncement indicated that banking institutions could now become members of public blockchains, and facilitate transactions taking place in the form of cryptocurrencies. Not just any cryptocurrency; the update specifically noted that stablecoins are the approved cryptocurrency as per these notices. This specificity further highlights the importance of stablecoins for the future of crypto adoption. ... "
" ... Friedman’s pronouncement that inflation is caused by excessive money printing is still true. The problem in today’s economics profession is that “inflation” is too narrowly defined; limited to the prices of goods and services, while asset price inflation is excluded. If inflation is defined to include asset prices, then it would be well recognized that, today, we have plenty of it. The money today that has been, and continues to be, created tries to accomplish the impossible (i.e., to raise the prices of goods where supply overwhelms demand). That money, instead, find its way into the financial economy. And here, who is going to complain about the inflation of rising equity prices? ... "
" ... It was an adamant pronouncement of death to the Wright brothers’ effort to fly, and a dismal forecast of what lay ahead in humanity’s eternal striving. These were not the most encouraging words, at all, especially given their source. But what made his proclamation totally crazy and of no value whatsoever was that he made it more than two years after Orville and Wilbur made their famous flight. After! Two years after the Wright brothers flew, this guy proclaimed that they couldn’t. (In retrospect and with our perspective, could that have been an early attempt at fake news? After all, there were competitors who were vying for this position in history.) ... "