More on Capital Controls

On Monday I posted a blog entry about how the U.S. Jobs Bill contained some ominous new rules that introduce capital controls to the U.S. In that blog post I wrote about how the introduction of capital controls is a major red flag about the direction that the country is heading in the future and how capital controls can pose a major obstacle to Americans who want to leave the U.S.

One of the Internet podcasts I listen to each week is the McAlvany Weekly Commentary. The topic of this week’s podcast focuses on the capital controls that were snuck into the Jobs Bill. If you have 30 minutes, I highly recommend that you listen to this week’s podcast because the commentators do a great job explaining what the introduction of capital controls means for not only Americans, but for those living outside the U.S. Here is a link to the podcast:

Labels: ,