by Dan Mitchell | Jul 12, 2024 | Blogs, Financial Privacy
Earlier this year, I began a column about anti-money laundering laws with four observations. As a libertarian, I don’t like that the government forces banks to spy on customers. As an economist, I don’t like that these laws don’t come close to passing a...
by Dan Mitchell | May 19, 2024 | Big Government, Blogs, Financial Privacy, Regulations
I’ve repeatedly complained about the absurdity of anti-money laundering laws and regulations. As a libertarian, I don’t like that the government forces banks to spy on customers. As an economist, I don’t like that these laws don’t come...
by Dan Mitchell | Apr 9, 2024 | Blogs, Economics, Keynesian, Monetary Policy
To explain why the “war on cash” is misguided, I have a seven-part series (here, here, here, here, here, here, and here) explaining why it is dangerous to eliminate currency and rely solely on government-provided digital money. Using the...
by Dan Mitchell | Jan 3, 2024 | Big Government, Blogs, Privacy
Last year, I shared grim details from a New York Times story on money laundering by Tara Siegel Bernard and Ron Lieber. The reporters provided new ammunition for my long-held view that anti-money-laundering laws and regulations are fundamentally misguided....
by Dan Mitchell | May 16, 2023 | Blogs
Most people instinctively support anti-money laundering laws, but I wonder whether they would change their minds if they understood two very important facts. As shown repeatedly in research studies, there is no evidence that these laws...
