Friday 30 October 2015

Banking tradeoffs

Suppose that you were a libertarian who had to decide between two banks.

The second one is owned by the government but has been told off for failing to comply with anti money-laundering regulations. If the police asked them for data, maybe they wouldn't be able to find it. 

Doesn't seem that hard a choice, really.

Apologies for the hiatus. Last week brought the launch of our newest report, and a fair bit of follow-up work. Posts on that to follow, and your regularly scheduled service soon to resume.

Update: nobody really comes out well in New Zealand, where deference to the police is pretty ingrained - as Rodney Hide points out in today's print NBR. 

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