Saturday, December 11, 2004

Congress strikes another blow against private enterprise

Intel Bill Add On - Treasury Could Print Other People's Money:
"The Treasury Department's Bureau of Engraving and Printing has gotten the go-ahead from Congress to print other countries' currencies."

This sounds so reasonable until you understand that it means our government is going into competition with private firms in the US and elsewhere which already provide this service to foreign countries. The most famous name in this industry is the American Bank Note Co. which traces the roots of its business to 1795.

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