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The Bank Secrecy Act and Inflation

Cato Podcast

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What Does the Bank Secrecy Act Empower the Government to Do?

Bank secrecy act started with trying to combat a secret foreign accounts ad and money laundering. It's essentially opened up this huge regime of financial surveillance that's been on going now for over 50 years. We just haven't had any evidence that it's done that much good, he says.

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