| If you were tuned in to the latest episode of A Brief History of Power, you would have heard a great discussion about money. We at Mad Mondays don’t know a great deal about market forces and all the rest, but a quick review of recent history will reveal that we don’t control our money quite like we used to. However, even in today’s globalized economy there are still ways to beat the system which often undermines things Mad Christian value. There seems to be no way to ignore cryptocurrencies. Some countries have gone all in, others are banning or restricting them. The novelty factor has definitely worn off and the US government will probably look to develop its own. Boston’s Federal Reserve has been working with MIT on Project Hamilton, a crypto scheme set up to research applications for a central bank digital currency (CBDC). The team running the project envisage the CBDC being run by a central controller and concluded that blockchain encryption contributes to bottlenecks in speed. It sounds quite opposite to the decentralized, private currency crypto enthusiast’s imagine, so watch this space. In other news, the IRS is struggling to deal with all the paper tax returns. Joy Pullman wrote a couple of weeks ago encouraging folks to “pick a target you think you can hit and go for it.” From thinking more carefully about who educates your children to buying from people who love freedom to running for office, Pullman has some great starting ideas for the fight we’re in. Putting your money in a local bank might help combat meddling by Federal policies too. Getting to know your neighbors is a great way to shore up support should the tyranny come your way. As Rev. Fisk has said, no one is coming to save us, it’s time to fight back. |
