Nick Anthony

Sign up for my Substack where I cover CBDC developments, financial privacy, debanking, financial freedom, and more. Price of $0/₿0/₳0/€0/₦0/Kč0/₸0/¥0 bankingbureau.substack.com

@freddienew @MerrynSW I’ll see @freddienew’s bid and counter for five percent.

@MerrynSW I will happily do nothing at all for a mere ten percent of this amount. Can someone introduce me to the relevant planning team?

So very modern Britain. £180m spent. Result: absolutely nothing at all.

El euro digital no tiene que ver con la inclusión financiera, la política monetaria ni ninguno de los otros argumentos populares que han esgrimido los funcionarios. El euro digital tiene que ver con la evasión de sanciones. @EconWithNick ✍️ elcato.org/el-euro-digita…

On regulation-by-enforcement in my testimony to Senate Banking Committee: “Every senator on this committee expects that, in America or any free society, the sequence of events is supposed to be: first, set speed limits, then give out speeding tickets. But with financial regulation, that hasn’t always been the case. We’ve all witnessed regulators behave in ways clearly designed to boost their annual enforcement totals.”

Under the Bank Secrecy Act, one of the most common reasons for filing a suspicious activity report is because someone deposited or withdrew nearly $10,000 cash. That’s all it takes to be labeled “suspicious” in a report to the government. @EconWithNick cato.org/blog/how-suspi…

I can't help but find it fascinating that there were two years of Bank Secrecy Act hearings before Congress heard from actual bankers. Representative Patman was asked early on why banks were not consulted in the drafting and he basically says it was their own fault.

While the media often attribute bank closures to political or religious discrimination, it turns out that the majority of debanking cases stem from governmental pressure. Read @EconWithNick's policy analysis here: cato.org/policy-analysi…

Here are the tough questions that Congress should ask Kevin Warsh if he's going to lead the Federal Reserve, courtesy of @JaiKedia. cato.org/blog/questions…

Podcasting at the @CatoInstitute headquarters with @EconWithNick & @norbertjmichel was just the coolest as we talk about deposit insurance.

Many people. 😊

In her defense, she may have been confused because the cap was temporarily raised to $250k in 2008. Congress didn't make this temporary program permanent until 2010.

Also, despite what many people think, FDIC insurance has not always been $250k. In this clip, @RepMaxineWaters was shocked to learn the $250k cap was created in 2010.

Despite what people may think, $250k is not a hard cap on protection. As @JillCastilla explains, there are market tools available to provide additional protection. cato.org/multimedia/cat…

@AminCad Well said, @AminCad!

Sending and receiving money should be as reliable as turning on a light switch. It is an essential utility, not a resource that should be fenced off and gatekept by the state in some futile attempt to disrupt some undefined criminal enterprise. Criminals should be prosecuted in a targeted way, not used as an excuse to strip everyone of their rights.

Everybody is saying it! It's time to stand up to the Bank Secrecy Act.

The government collects Americans' bank records without a warrant to catch criminals but is unable to report how many convictions it's surveillance regime leads to. It’s time to stop this surveillance regime and restore Americans' privacy. @EconWithNick cato.org/blog/how-many-…

@IMFNews It seems like you left a few things out of the story here. (Cc: @gladstein)

Ever wonder how the IMF finances itself? Our latest Ask an Economist video explains in under 60 seconds.

👇👇@EconWithNick "It is against the law for a bank to tell you if a suspicious activity report was filed...When you’re left in the dark, it’s natural to assume the worst. That’s partly why so many people have accused banks of political and religious discrimination."

El Banco Central Europeo está trabajando para crear un sistema en toda regla destinado a eludir sanciones, y parece que nadie se ha dado cuenta. @EconWithNick ✍️ elcato.org/el-euro-digita…

Here's what Congress should ask Kevin Warsh as they weigh whether to let him lead the Federal Reserve. cato.org/blog/warsh-oma…