Nicholas Anthony

Writer at Cointelegraph

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Articles

The Illusion of Financial Privacy

May 30, 2024 | cato.org | Nicholas Anthony |Naomi Brockwell

Decades of legislation have chipped away at the financial privacy Americans believe they still have. May 30, 2024 • Commentary This article appeared on Reason.com on May 30, 2024. You have a 15-character password, shield the ATM as you enter your PIN, close the door when you meet with your banker, and shred your financial statements. But do you truly have financial privacy?
Financial Privacy Eroded by Decades of Legislation, Surveillance

May 30, 2024 | reason.com | Nicholas Anthony |Naomi Brockwell

Privacy Decades of legislation have chipped away at the financial privacy Americans believe they still have.
Separating Tariff Facts from Tariff Fictions

Apr 16, 2024 | cato.org | Erica York |Donald Boudreaux |Johan Norberg |Nicholas Anthony

A tariff is a type of tax imposed on the purchase of foreign goods. It may be figured as a percentage of a good’s price, called an ad valorem tariff, or as a fixed dollar amount per good. As any tax does, a tariff raises revenue for the levying government, about $100 billion for the US government in 2022. Tariffs are imposed to shield domestic companies and workers from foreign import competition or to generate revenue for the government.
Competing for Capital: Tax Competition and Globalization

Mar 19, 2024 | cato.org | Adam Michel |Donald Boudreaux |Johan Norberg |Nicholas Anthony

An important facet of globalization is national governments’ vigorous competition for capital and jobs via economic policy, including tax policy. Healthy tax competition underpins globalization, driving cross‐border investment that fuels economic development through technological advancements, infrastructure growth, and industry diversification in emerging and developed markets.
Neither Joe Biden nor Donald Trump are crypto champions

Mar 16, 2024 | cointelegraph.com | Nicholas Anthony

President Joe Biden hasn't taken a particularly friendly stance toward cryptocurrency. On the contrary, he's been a lot like his predecessor.
Global Capital Flows and the Balanced Trade Myth

Dec 11, 2023 | cato.org | Norbert Michel |Donald Boudreaux |Johan Norberg |Nicholas Anthony

The US trade deficit is one of the most misunderstood concepts of all time, and it has spawned numerous bad policies. Continuing this tradition, some policymakers want to shrink the trade deficit by taxing international capital flows. Policies to shrink the trade deficit, including those that would tax capital flows, are highly flawed on theoretical, empirical, and practical grounds.
Trade Buys Goods, Services, and Time

Nov 28, 2023 | cato.org | Donald Boudreaux |Johan Norberg |Nicholas Anthony |Scott Lincicome

Trade provides many benefits to consumers beyond “cheap T‑shirts.” Liberalizing trade increases product variety, boosts companies’ competitiveness, promotes innovation, and increases disposable incomes. Trade also provides nonfinancial benefits for people and their communities: by helping us consume more for less, we have more time for hobbies, charity work, or other forms of social interaction.
Money Across Borders: How Cryptocurrency Has Opened Global Exchange

Nov 7, 2023 | cato.org | Nicholas Anthony |Donald Boudreaux |Johan Norberg |Scott Lincicome

Over the last 15 years, cryptocurrency has become a global phenomenon. For better and worse, cryptocurrencies have made headline news, become legal tender in El Salvador, and been the subject of several congressional hearings. Although Bitcoin and a few others have maintained consistent dominance, there is an estimated 26,355 cryptocurrencies currently in existence with a total market cap of over $1 trillion.
Globalization: A Race to the Bottom-or to the Top?

Oct 10, 2023 | cato.org | Johan Norberg |Donald Boudreaux |Nicholas Anthony |Gabriella Beaumont-Smith

In East Asia, the developing region that has globalized the most, the share of workers in extreme poverty was just 0.5 percent in 2022. In contrast, the region with the least foreign investment and participation in supply chains, sub-Saharan Africa, had a rate of 38 percent.
Comparative Advantage

Sep 12, 2023 | cato.org | Donald Boudreaux |Johan Norberg |Nicholas Anthony |Gabriella Beaumont-Smith

Most simply, comparative advantage refers to a person’s ability and willingness to supply other people with a good or service that these other people cannot otherwise acquire at a lower cost. Described this way, comparative advantage appears trite: To say that Ann has a comparative advantage at supplying fish to Bob is to say only that, at least for Bob, the lowest-cost supplier of fish is Ann.