Tag Archives : money laundering
Operation Choke Point, Bank De-Risking, and Obama Administration Coercion
Low-tax jurisdictions being victimized by a global version of Operation Choke Point.
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The War Against Cash, Part I
Believe it or not, but politicians hate cash.
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The Denny Hastert Scandal: When Bad Things Happen to Bad People for the Wrong Reasons
As Speaker Hastert profited by promoting bigger government.
read more...In the Case of Asset Forfeiture, the Moral Case against Big Government Is Even More Compelling than the Economic Case
All decent and humane people should stand united against thuggery by government.
read more...Another Example of Government Thuggery – and another Reason Why Decent and Moral People Are Libertarians
The government has lots of ways to steal your money without charging you with a crime.
read more...Even its Creators Want to Shut Down the Government’s Asset-Forfeiture Racket
If you ask me about the most wasteful department in the federal government, I’ll state that there are lots of good choices, but if forced to identify the best candidate for elimination, I’ll go with the Department of Housing and Urban Development. If you ask me about the entitlement program most in need of reform, I’m […]
read more...Great Moments in the Failed and Costly War against Money Laundering
Time for another great moment in red tape. I wrote a couple of weeks ago that banks treat customers poorly in part because of bad laws and regulations from Washington. Money laundering laws were adopted beginning about 30 years ago based on the theory that we could lower crime rates by making it more difficult for crooks […]
read more...Thanks to Government, Banks Treat You Like Crap and Spy on You
People are getting increasingly agitated about being spied on by government. The snoops at the National Security Agency have gotten the most attention, and those bureaucrats are in the challenging position of trying to justify massive invasions of our privacy when they can’t show any evidence that this voyeurism has stopped a single terrorist attack. And let’s […]
read more...Some Parts of Government Should Be Shut Down Forever
I realize we’re in the middle of a government shutdown and there’s a debt limit deadline rapidly approaching, but I’m not going to write about fiscal policy today. Instead, I’m going to share a story about evil and stupid government policy. I guess you could say this is part of my why-decent-people-should-be-libertarian series. Previous editions […]
read more...World Bank Study Shows How Anti-Money Laundering Rules Hurt the Poor
I’ve complained many times about the pointless nature of anti-money laundering laws. They impose very high costs and force banks to spy on their customers, but they are utterly ineffective as a weapon against criminal activity. Yet politicians and bureaucrats keep making a bad system worse, and the latest development is a silly scheme to […]
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