The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed.
Original Article: How a CBDC Created Chaos and Poverty in Nigeria
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2023-06-28
Keynesian economists believe that recessions occur because of a weakening in aggregate demand, so boosting demand will end the downturn. Whenever an economy shows signs of weakness, most experts believe that increasing aggregate demand will prevent the economy from sliding into a recession. Since private spending is declining, Keynesians say the government should counterbalance this decline by increasing government spending on goods and services.
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2023-06-27
Daniel Ellsberg died on June 16, and he remains one of the nation’s most prominent whistleblowers who leaked secret government information to the public. Upon his death the general consensus among the writers of memorials for Ellsberg was that he was right to leak government secrets. As the editorial board at The Orange County Register recently put it, he was "a true American hero."
They’re right about Ellsberg. During the Vietnam War, through his release of the so-called Pentagon Papers in 1971, Ellsberg made public a large trove of secret government documents that exposed many of the Federal government’s lies about its involvement throughout Indochina. Much of the information applied to the Johnson Administration which had been lying about the war to both the public and the Congress.

2023-06-24
Everything possible is done to prevent the fraud of the monetary system from being exposed to the masses who suffer from it.
—Rep. Ron Paul (R-TX), before the US House of Representatives, February 15, 2006
In the mid-sixties, having read about gold in Atlas Shrugged, I decided to find out something about inflation and wrote to the United States Treasury Department to request a brochure that purported to lay inflation out in terms anyone could understand. In reply, they sent me a Peanuts comic book.
Though I didn’t know it at the time, using cartoon stars to promote government viewpoints was nothing new. In 1942, the US Treasury had commissioned Walt Disney to produce a film called The New Spirit in which Donald Duck’s radio tells him it is “your privilege, not just your duty, but your
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