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Continuing the Conversation
On 8/19/20 and 4/14/21 we had with us Competitive Enterprise Institute senior fellow John Berlau
Every Wednesday your Freedom Hub (founded by Jeff Kanter and Charles Frohman) hosts two Zoom calls. One is at 4pm, the other at 7pm. The 4pm call is eclectic (often regarding our liberties…or disappearing liberties) and the 7pm usually is centered around practitioners who use a cash-based practice and what they do. These are recorded and archived. There are over 90 to date!
Letting the Fed issue a digital currency will turn crypto into a tool of the surveillance state!
Hemp, Whiskey & Mules: the Entrepreneurship Behind our Founding President
As cryptocurrencies have proliferated in the private sector, central banks are now contemplating getting into the game. Venezuela tried unsuccessfully to popularize its currency with the digital petro. China may be more successful with its plan to digitize the yuan.
Now, some are saying the U.S. Federal Reserve should issue its own cryptocurrency, with names like “Fedcoin” and the “digital dollar.” Most proposals for this national cryptocurrency also include direct consumer deposit accounts with the Fed. The Fed already plans to compete with private-sector payments system with its FedNow real-time payments system.
Proponents give various reasons why the Fed should issue digital currency, from protecting the dollar competition with China to relieving the poor from high bank fees. But opponents cite multiple problems such a system would have from privacy concerns with the Fed having direct access to consumer spending data, to enabling currency manipulation, to crowding out innovation from private cryptocurrencies and payment systems.
John Berlau, senior fellow at the Competitive and author of the new Amazon best seller — “George Washington, Entrepreneur” — will make the case against Fedcoin.
Although George Washington is revered by most Americans, it is sometimes hard for them to relate to him. He is often seen as just the face on the dollar. But in his new book “George Washington, Entrepreneur: How Our Founding Father’s Private Business Pursuits Changed America and the World,” author John Berlau argues that Washington was just as creative in his own way as the “fun founders” such as Jefferson, Hamilton and Franklin.
Berlau, a senior fellow at the Competitive Enterprise Institute, will share his findings on how Washington revolutionized the early hemp, wheat, whiskey and mule industries. And how along the way, British taxes and overregulation helped convince him to join and lead the American Revolution