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Finance

The Real Victims Of Sam Bankman-Fried’s Ponzi Scheme Are Not Celebrities Or Institutional Partners, But Everyday Investors

November 18, 2022November 18, 2022 by Jordan Schachtel

Retail customers who held assets on FTX are learning a hard lesson on the importance of taking custody of their own wealth. The FederalistThe Federalist is an American conservative online …

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Categories Politics & Culture

FTX Meltdown and the Future of Crypto: Live With Kraken Founder Jesse Powell

November 16, 2022 by Zach Weissmueller

When a cryptocurrency exchange holding $16 billion worth of customer deposits suddenly collapses, what does that portend for the future of the crypto industry? How did Sam Bankman-Fried, the 30-year-old …

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Categories Politics & Culture

Zach Weissmueller: Why Bitcoin Privacy Software Restrictions Violate Free Speech Rights

August 19, 2022August 19, 2022 by Peter Suderman

To bitcoin enthusiasts, the advantages of cryptocurrency are obvious: It’s a global, decentralized financial network that no government or centralized entity can control.  But bitcoin is also incredibly transparent. That’s by …

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Categories Politics & Culture

Marc Andreessen’s High-Tech Fix for the Housing Crisis Lets Him Keep Being a NIMBY

August 16, 2022 by Christian Britschgi

Marc Andreessen can’t seem to decide whether he wants to fix America’s housing crisis, make it worse, or creatively reinvent an untenable status quo. On Monday, the billionaire venture capitalist …

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Categories Politics & Culture

Recession ‘Virtual Certainty’ as Interest Rates Spike

June 16, 2022 by Elizabeth Nolan Brown

Interest rates are now 1.5 percentage points higher than they were a few months ago. On Wednesday, the Federal Reserve raised interest rates by three-quarters of a percentage point on …

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Categories Politics & Culture

Tax Documents Further Expose Black Lives Matter Organization As Racist Multimillion-Dollar Grifter Project

May 17, 2022 by Tristan Justice

The Black Lives Matter Global Network remains a multimillion-dollar project as money scandals continue to pile up. The FederalistThe Federalist is an American conservative online magazine and podcast that covers …

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Categories Politics & Culture

Why Are the Feds So Mad About Bitcoin Retirement Investing?

May 10, 2022May 10, 2022 by Andrea O'Sullivan

Bitcoin has emerged as an attractive savings option in a time of creeping global inflation and general uncertainty—to say nothing of the situation facing the stock market. Like gold, this …

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Categories Politics & Culture

Banning Lawmakers From Trading Stocks Won’t Fix Congress

February 22, 2022 by Jennifer Schulp

After a collection of questionable stock trades by members of Congress at the beginning of the pandemic, and similar trading scandals in the federal judiciary and the Federal Reserve, there …

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Categories Politics & Culture

New York Times Writer Sarah Jeong Says Inflation in the News Is Just ‘Rich People Flipping Their Shit’

November 17, 2021November 17, 2021 by Liz Wolfe

Earlier today, New York Times opinion columnist Sarah Jeong tweeted: all the stuff you see about inflation in the news is driven by rich people flipping their shit because their parasitic …

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Categories Politics & Culture

Banks and Trade Groups Reject Saule Omarova, Biden’s New Currency Comptroller Pick

October 7, 2021 by Liz Wolfe

Some people who survived the Soviet Union took its failures as lessons learned the hard way, not worth replicating. But not Saule Omarova, President Joe Biden’s pick to serve as …

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Categories Politics & Culture
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