Christian Kruse
@ChristianJKruse
Research Associate at the @CatoInstitute's @CatoCMFA. @penn_state alum. All opinions are my own, not Cato's.
A big thank you goes to @zacguignard and @Ayelen_Osorio for humoring me here (walls of text are usually bad). And a big thank you goes to @ChristianJKruse for letting me run different versions of this slide by him as I was prepping for @OsloFF.
An Orwellian autocrat would INCREASE spending, take control of PBS/NPR, and dictate his preferred nativist programming. Eliminating government funding for what would otherwise be privately funded entities is quite literally the opposite of that and reduces government influence.
Why is Trump so hell-bent on defunding PBS? It’s part of a larger plan — one where he can control not just what we do, but what we think. Watch:
Crowdfunding has made strides for small businesses, but there are still reforms to be made. Read @jenniferjschulp’s & my latest article on crowdfunding reforms⬇️ cato.org/blog/dash-cash…
Despite banks spending $59 billion in compliance and filing more than 27 million reports, the US government still struggles to prove this regime is effective. Only 370 investigations at the IRS were initiated by the 27 million reports last year. cato.org/blog/reporting…
The "One Big Beautiful Bill" would put the US on a fast track to fiscal decline. Most likely, the bill will add a staggering $6 trillion to the debt over the next 10 years. America deserves better. @CatoInstitute @RominaBoccia
What if our welfare system is accidentally designed to trap people in poverty? Read the latest at @thedailyeconomy
🧵1/3 Benefit cliffs aren't just a math problem but psychological traps. When a single mom works overtime, earns $100 but loses $75 in benefits, economists celebrate the $25 "win." But she feels punished for working harder. The math says she's rising, but emotionally, she's…
Interest on reserves has led to the Fed losing nearly $200 bn in interest payments to large banks. I don't think that's good for financial stability. Monetary policy was better without IOR. @tedcruz is right--it should be scrapped. Read more here: cato.org/blog/feds-ior-…
CNBC: You think that's gonna go through -- telling the Federal Reserve that can't pay interest to banks anymore? TED CRUZ: For nearly 100 years, until the financial crisis, the Fed paid no interest on reserves CNBC: It was put in place to ensure the stability of the financial…
Here's my attempt at some perspective on the Fed, which, contrary to what many think, does not control everything. The Fed’s policies are a main determinant of inflation, but fiscal policy also affects inflation. So do supply constraints and other factors out of the Fed’s…
Tune into our policy forum “Removing Barriers to Capital Formation.”
🕑Join us in one hour to discuss barriers to capital formation and the solutions to break through them. Looking forward to talking w/@cromwellc, @gerryhays, @KarenKerrigan, Alex Platt, Amy Reischauer, and Joel Trotter. cato.org/events/removin…
We are looking forward to discussing the barriers to capital formation at 2pm EST today with industry experts! Register in-person to beat the DC heat or watch online at the link below!🔽 cato.org/events/removin…
Join us on June 24 for an afternoon dedicated to discussing barriers to capital formation and the solutions to break through them. In-person or online! Register now. cato.org/events/removin…
In my latest @CatoInstitute paper, I share how government policies have routinely eroded private enterprise and entrenched state-driven alternatives. It happened with the creation of the Fed, and it continues to happen today. cato.org/publications/r…
The GENIUS Act doubles down on "financial stability," giving regulators discretion to dictate behavior based on almost any potential risk. The real genius idea is a simple framework that prohibits fraud and makes it easy to verify reserves. cato.org/commentary/gen…
The Federal Reserve has served an oversized role in the payment services ecosystem. @EconWithNick provides a breakdown of the Fed's payment history in the latest briefing paper in @CatoCMFA's Reforming the Federal Reserve series. buff.ly/receD2R
KENNEDY: If Vietnam came to you and said, 'You win. We're gonna remove all tariffs and all trade barriers. Would the US please do the same?" Would you accept that deal? LUTNICK: Absolutely not. That would be the silliest thing we could do KENNEDY: What's the purpose of…
"There's no limit to how extreme nonsense can gain credibility in Washington." - @BradSherman
To treat the "store of value" and "generally accepted medium of exchange" "functions" of money as being equally definitive, you imply that all sorts of assets are "money," including Microsoft shares and gold, even though they are seldom used in payments.
Lawmakers must ensure that the stablecoin bills’ anti-money laundering measures don’t open the door to unfettered financial surveillance of stablecoin users cato.org/commentary/sta…
HRF fellow Nick Anthony (@EconWithNick) discusses @HRF's CBDC Tracker and how it follows the development and implementation of CBDCs under dictatorships.