ECONOMICS: The Wyoming stable token is the wrong direction; ND’s state bank is a better idea

Monday, September 2, 2024

https://a.tldrnewsletter.com/web-version?ep=1&lc=59038840-6904-11ee-b58c-ff3e3245800a&p=d6d820a0-6458-11ef-b2cb-45ae9ed9a73f&pt=campaign&t=1724760456&s=a4d4dc8d5599a4dfd9723c7b933879aee51bd33d73d67bdffb0cfe73c7647cc4

TLDR Crypto 2024-08-27

Wyoming is pushing crypto payments and trying to beat the Fed to a digital dollar 

Wyoming plans to launch the Wyoming stable token, a US-dollar-backed stablecoin, in Q1 2025. Its goal is to facilitate faster and cheaper transactions while introducing a new revenue stream for the state. The token will serve as a model for a federally digitized dollar, and the state will invest reserves into Treasury Bills to fund public schools. If successful, Wyoming hopes to expand to tokenizing other assets like commodities and real estate. 

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If WY is really interested in building up their State investing in US Treasury bonds is NOT a good long term strategy.  A better one would be to foster Wyoming businesses like ranches, farms, and homes with “friendly” financing for things whole within their State. The North Dakota bank is the exemplar of how to do it. All State, City, and local Gooferments can do their “banking” with the WY Bank and cut Wall Street out of the “supply train”.  By developing Wyoming’s financial infrastructure it can prepare for the hard times ahead.  Think local; act local.  #endthefed

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Posted by reinkefj

LIBERTARIAN: You can put what you want in your own body — The West Virginia Gooferment gets this one right

Monday, April 8, 2019

2019-Apr-08

https://www.zerohedge.com/news/2019-04-05/latest-social-justice-absurdity-0

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West Virginia passes the best food freedom law in the country

In the Land of the Free, most state laws severely limit what kinds of food items people can sell. These laws hit small farmers and producers really hard, where people have to submit to kitchen inspections and pay steep permit fees.

In 2015 however, Wyoming set the food freedom standard with a law which cut all sorts of restrictions on selling homemade foods like baked goods, pickles, and kombucha.

Neighbors South Dakota and Utah quickly followed.

Now West Virginia has passed arguably the most expansive food freedom law in the country.

It allows homemade food to be sold online or in person without licenses or inspections. They just have to include a label explaining that it is homemade, listing the ingredients, warning of possible allergens, and including contact info of the producer.

There is no limit to how much a merchant can earn, and the only restriction is on foods containing meat.

So far, Wyoming, North Dakota, and Utah say there hasn’t been a single report of foodborne illness from anyone selling food under the new laws.

It’s sad that allowing people the freedom to choose what they put in their own bodies is such a novel concept. But we’re happy to see this law passed.

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How rare is this?  

One can only hope this is a new trend!

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Posted by reinkefj