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The Bank Secrecy Act and Inflation

Cato Podcast

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Financial Privacy - What Was Ten Thousand Dollars in the Seventies?

The threshold of ten thousand dollars has not changed with the inflation exactly. And it doesn't even matter if it's high flation or low inflation, any inflation increases this amount. We have had two large periods of inflate since the 19 seventies, including the one we're in right now which is a forty year high level of inflation.

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