ST. LOUIS (Thomson Reuters Accelus) - Two senators are pressing federal authorities to crack down on an online black market and "untraceable" digital currency known as Bitcoins after reports that they are used to buy illegal drugs anonymously.Where are monetarists to protect Bitcoins? Where were the monetarists when the maker of Silver Liberty Dollars was convicted?
Democratic Senators Charles Schumer of New York and Joe Manchin of West Virginia wrote to Attorney General Eric Holder and Drug Enforcement Administration head Michele Leonhart in a letter that expressed concerns about the underground website "Silk Road" and the use of Bitcoins to make purchases there.WNFL
There is a hidden assumption in the New Monetary theory; the willingness of government agents to kidnap and jail by force money users.
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