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Tuesday, January 26, 2016

U.S. Government Attempts to Ban Cash

Recently, Louisiana became the latest state to attempt a massive ban on cash that would have resulted in making it illegal to use U.S. cash dollars in any secondhand transactions.

The law, called R.S. 37:1866, made it illegal to, say, go to a garage sale and buy a lawn mower with cash dollars. That’s right: It would have prohibited American citizens from using legal U.S. tender.

After an outcry by critics who called the law unconstitutional, Louisiana “amended” the bill to remove the widespread ban.

However, rather than end the ban completely, the state government chose instead to narrow the focus, making it illegal to exchange cash dollars for gold or any precious metals. This, of course, brings to mind the 1930s when FDR banned the private ownership of gold by U.S. citizens.

And it comes at the tail end of a multiyear push to restrict cash use by American citizens.

Already the states of Florida, Texas, and New York have removed tollbooths from highways. Plenty more have installed cashless parking meters and banned cash at dumps and other local facilities.

In fact, when one man tried to pay his mortgage in cash at a Bank of America, he was arrested. A reporter from the Daily Kos (a liberal blog) was accused of “casing the bank” when he showed up to report on the story.

And these are just the latest examples of an attempt to restrict cash from moving around in the U.S. economy.

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