
Federal Reserve


Jefferson vs Hamilton on the National Bank
The First Bank of the United States was chartered for a period of 20 years by Congress on Feb. 25, 1791. Alexander Hamilton championed the bank, but it wasn’t without its detractors. One of the most vocal opponents of the bank was Thomas Jefferson who argued that it...
Now in Effect: Alabama Law Takes Small Step Against a Potential CBDC
MONTGOMERY, Ala. (Sept. 1, 2023) – Today, a law that takes a small step toward pushing back against any potential future central bank digital currency (CBDC) went into effect. Sen. Dan Roberts sponsored Senate Bill 330 (SB330). The new law prohibits government...
Now in Effect: Arkansas Law Limits Tracking Using Central Bank Digital Currencies
LITTLE ROCK, Ark. (Aug. 1, 2023) – On Monday, an Arkansas law went into effect prohibiting tracking an individual through the use of digital currency without a warrant in most cases. Rep. Robin Lundstrum and Sen. Jonathan Dismang sponsored House Bill 1720 (HB1720)....
Now in Effect: Arkansas Law Makes Gold and Silver Legal Tender in the State
LITTLE ROCK, Ark. (July 31, 2023) – Today, an Arkansas law making gold and silver legal tender in the state, and effectively repealing the state capital gains tax on gold and silver went into effect. Enactment of this law could help eliminate barriers to using gold...