America’s trust in its institutions has rapidly eroded over the past 20 years. We have a lower level of trust in our judicial system and elections than most European countries. Some of this is natural, as Americans are uniquely individualistic, but much of it arises from repeated government failures.
On Wednesday, January 10th, the Securities and Exchange Commission (SEC) made an interesting decision, voting to allow everyday folks to participate in spot bitcoin ETFs. This move marks an opening for a broader audience to delve into Bitcoin speculation.
The approved ETFs are set to be listed on various exchanges, including Nasdaq, the New York Stock Exchange, and the Chicago Board Options Exchange. This is supposed to provide an additional layer of oversight. But the announcement went terribly wrong, amplifying concerns about the ETFs.
From the moment we enter the education system, we’re taught that government provides a benevolent hand that guides the economy and protects its citizens. For more than 50 years, Reason Magazine has been exposing the cracks in this narrative, contrasting the heavy hand of government with the beauty of free minds and free markets.
In this episode of It’s Your Dime, Mike Maharrey talks with Reason editor-at-large Nick Gillespie.
