Legal Tender. Not in Louisiana.

There is new legislation in Louisiana that in certain cases prevents citizens from trading “legal tender” (specifically cash) for goods.

shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property

This will undoubtedly make its way through the federal court system and it will be interesting to follow, particularly in that the legislation applies to lawful transactions. There is no question to the lawfulness of the transaction, the law simply makes unlawful the trade of cash for goods in certain lawful transactions.

Read the article by Thad D. Ackel, Jr. Esq.

In addition to stifling business, the law includes a tangible attack on privacy. From the article liked above:

For every transaction a secondhand dealer must obtain the seller’s personal information such as their name, address, driver’s license number and the license plate number of the vehicle in which the goods were delivered.

There is a theme that this legislation adheres to which is making its way into many aspects of our lives (think airport security). It seems Uncle Sams’ believes it best to treat everyone as a criminal because someone is a criminal.

Situations like these always seem to bring me back to the simplicity of our founding fathers ideas of government. At the inauguration of Thomas Jefferson in 1801 he said:

a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.

I love how simple that is and how it exposes our distance from it today. I corresponded briefly with Thad Ackel and promised I’d make this post and promote his efforts to see this legislation corrected.

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