Matt Welch on the Loss of Financial Privacy

Financial anonymity as we know it was invented in
Geneva, Switzerland, in the 16th century, by Protestant Reformation
leader John Calvin. In converting his pretty mountain lake town
into a refuge for Europeans fleeing marauding Catholic governments,
Calvin loosened papal restrictions on lending at interest and
embraced individual privacy as a means of self-defense against a
predatory state. But now, writes Reason editor in chief
Matt Welch, American politicians are systemically destroying the
right to confidential banking.

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