by Dan Mitchell | Apr 30, 2019 | Big Government, Blogs, Financial Privacy, Regulations
I’m not a big fan of so-called anti-money laundering (AML) requirements. They are pointless. They are expensive. They are intrusive. They are discriminatory. They are ineffective. They disproportionately hurt poor people. And things are getting worse because these...
by Dan Mitchell | Mar 12, 2019 | Blogs, Economics, Taxation
When I write about the benefits of trade, I periodically point out that America has a trade deficit because it has a foreign investment surplus. And since investment is a key driver of economic growth and rising wages, that’s a good outcome. It basically means that...
by Dan Mitchell | Mar 4, 2019 | Big Government, Blogs, Privacy
I’ve written repeatedly about how anti-money laundering (AML) laws are pointless, expensive, intrusive, discriminatory, and ineffective. And they especially hurt poor people according to the World Bank. That’s a miserable track record, even by government standards....
by Dan Mitchell | Mar 20, 2018 | Blogs, Financial Privacy
Beginning in the 1980s, money-laundering laws were enacted in hopes of discouraging criminal activity by making it harder for crooks to use the banking system. Unfortunately, this approach has been an expensive failure. They don’t reduce crime or discourage bad...
by Dan Mitchell | Jan 10, 2018 | Blogs, Crime, Society
I haven’t written in any detail about “jury nullification” since late 2010 and it’s time to rectify that sin of omission. Nullification occurs when a jury votes not guilty because a law is either unjust or wrongly applied, not because a defendant is actually innocent....
