http://rgsystems.gr/?fat=sites/norbertmichel/ en-us https://secure.gravatar.com/avatar/33e02247af2969acd1110dfcbb7361db?s=400&d=mm&r=g http://rgsystems.gr/?fat=sites/norbertmichel/ Norbert Michel's stories. Copyright 2024 Forbes Media LLC http://rgsystems.gr/?fat=sites/digital-assets/2024/05/02/fully-backed-stablecoins-do-not-need-complex-federal-regulation/ Issuing fully backed stablecoins does not create new money. It merely tokenizes existing money. There is no reason to regulate these issuers as if they are banks. Norbert Michel, Contributor Norbert Michel, Contributor http://rgsystems.gr/?fat=sites/norbertmichel/ content_6633bba5a55d0d4a1a22fb1e Thu, 02 May 2024 12:22:43 -0400 2024-05-08T14:07:26-04:00 Issuing fully backed stablecoins does not create new money. It merely tokenizes existing money. There is no reason to regulate these issuers as if they are banks. POOL/AFP via Getty Images Forbes Digital Assets /digital-assets Forbes Digital Assets /digital-assets standard http://rgsystems.gr/?fat=sites/digital-assets/2024/04/23/there-is-no-good-version-of-a-central-bank-digital-currency/ Some think that a CBDC done "right" will spur competition and innovation while protecting privacy and freedom. No form of a CBDC will accomplish these tasks. Norbert Michel, Contributor Norbert Michel, Contributor http://rgsystems.gr/?fat=sites/norbertmichel/ content_6626cd98a681aa022a285c8f Tue, 23 Apr 2024 10:15:00 -0400 2024-05-02T06:15:38-04:00 Some think that a CBDC done "right" will spur competition and innovation while protecting privacy and freedom. No form of a CBDC will accomplish these tasks. getty Forbes Digital Assets /digital-assets Forbes Digital Assets /digital-assets standard http://rgsystems.gr/?fat=sites/norbertmichel/2024/04/17/the-bank-secrecy-act-is-a-bigger-threat-than-fisa/ It turns out the federal government has conducted tons of these warrantless searches—more than 200,000 in 2022 alone—of Americans’ phone calls, emails, and texts. Norbert Michel, Contributor Norbert Michel, Contributor http://rgsystems.gr/?fat=sites/norbertmichel/ content_661f32951c384662f42cc799 Wed, 17 Apr 2024 09:00:00 -0400 2024-04-17T09:00:00-04:00 It turns out the federal government has conducted tons of these warrantless searches—more than 200,000 in 2022 alone—of Americans’ phone calls, emails, and texts. CQ-Roll Call, Inc via Getty Images Policy /policy Business /business Policy /policy Business standard http://rgsystems.gr/?fat=sites/digital-assets/2024/03/28/cbdc-prohibition-is-gaining-momentum/ Conservatives are trying to tie a vote on Rep. Emmer’s (R-MN) anti-CBDC bill to broader cryptocurrency legislation. A CBDC ban shouldn't be a partisan issue. Norbert Michel, Contributor Norbert Michel, Contributor http://rgsystems.gr/?fat=sites/norbertmichel/ content_6605a5fb92fa8d625c7fb1e3 Thu, 28 Mar 2024 13:26:24 -0400 2024-05-08T14:07:13-04:00 Conservatives are trying to tie a vote on Rep. Emmer’s (R-MN) anti-CBDC bill to broader cryptocurrency legislation. A CBDC ban shouldn't be a partisan issue. getty Forbes Digital Assets /digital-assets Forbes Digital Assets /digital-assets standard http://rgsystems.gr/?fat=sites/norbertmichel/2024/03/12/two-house-hearings-display-foundational-principles-are-at-risk/ Last Thursday, two Congressional hearings took place in the U.S. House of Representatives that demonstrate just how far America has drifted from its founding principles. Norbert Michel, Contributor Norbert Michel, Contributor http://rgsystems.gr/?fat=sites/norbertmichel/ content_65f08e38d0f1ee6d66f2c326 Tue, 12 Mar 2024 13:24:55 -0400 2024-05-08T14:07:16-04:00 Last Thursday, two Congressional hearings took place in the U.S. House of Representatives that demonstrate just how far America has drifted from its founding principles. getty Policy /policy Business /business Policy /policy Business standard http://rgsystems.gr/?fat=sites/norbertmichel/2024/02/08/scrap-more-than-the-feds-dot-plot/ Allison Schrager deserves credit for saying the Fed does not have a better crystal ball than anyone else. But this is true even if the Fed doesn't release the dot plot. Norbert Michel, Contributor Norbert Michel, Contributor http://rgsystems.gr/?fat=sites/norbertmichel/ content_65c3ed4d585ce0058c8cd82d Thu, 08 Feb 2024 07:30:00 -0500 2024-02-19T01:49:23-05:00 Allison Schrager deserves credit for saying the Fed does not have a better crystal ball than anyone else. But this is true even if the Fed doesn't release the dot plot. Getty Images Policy /policy Business /business Policy /policy Business standard http://rgsystems.gr/?fat=sites/norbertmichel/2023/12/07/vance-targets-credit-cards-to-stop-inflation/ The Credit Card Competition Act of 2023 could make it into must-pass legislation. It extends the failed Durbin amendment to the credit card market, harming consumers. Norbert Michel, Contributor Norbert Michel, Contributor http://rgsystems.gr/?fat=sites/norbertmichel/ content_65722c773de9b01a0c918dc2 Thu, 07 Dec 2023 15:41:23 -0500 2024-05-08T14:07:19-04:00 The Credit Card Competition Act of 2023 could make it into must-pass legislation. It extends the failed Durbin amendment to the credit card market, harming consumers. Getty Images Policy /policy Business /business Policy /policy Business standard