Sunday, February 27, 2011

All Hail the Revolution: Egypt Bans Export of Gold

The Egypt (government?), presumably the military of Egypt, has banned the export of gold in any form.

It is unclear the motives behind the ban, but it is sure not a positive for any Egyptian minding his own business, who wants to send some gold outside the country to protect himself, given the uncertain future for Egypt.

Like I have said, the problem with these popular uprisings is that the masses have little understanding of the benefits of private property, the rule of law and free markets, and are likely to replace one tyrant with another tyrant with a different name and pose.

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