Austrian Constitutional Right To Pay Cash

Check out the latest privacy issue regarding cash in Arnold Schwarzenegger’s home country of Austria. What a novel idea!

“Austrians should have the constitutional right to use cash to protect their privacy, Deputy Economy Minister Harald Mahrer said, as the European Union considers curbing the use of banknotes and coins.

“We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch,” Mahrer said on Austrian public radio station Oe1. “We will fight everywhere against rules” including caps on cash purchases, he said.” – Bloomberg News

cash moneyNo one should ever think it’s okay to allow themselves to be tracked, monitored or spied upon. Freedom to communicate, share and congregate are inalienable rights which were enshrined in our Bill of Rights by our Forefathers here in the USA.

An interesting side note: It should also be noted that the Austrian School of Economics was founded in 1871. Many of it’s ideas which fly in the face of the modern Keynesian ideas of spend and borrow the way out of debt and economic crisis are still alive and well in the Libertarian mind. Liberty and Freedom live!

It’s sad to say, but ideas that once were exclusive to the US, such as freedom and liberty, now flourish in a bigger way in burgeoning countries across the world.

Austrian Right To Pay Cash:

http://www.bloomberg.com/news/articles/2016-02-12/austrians-need-constitutional-right-to-pay-in-cash-mahrer-says

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