Will terrorism have us do more of the world's least effective policy?
Terrorism is an issue I know, and its return through Hamas’s barbarous attack on Israelis is most unwelcome. So I’m not happy to report on a hearing in the Senate Banking, Housing, and Urban Affairs Committee this past week. The hearing, “Combating the Networks of Illicit Finance and Terrorism,” coincided with reading an astounding paper on combating illicit finance generally. The dream might be that a political body would not react autonomically to terrorism. But not all dreams come true. More financial surveillance, especially aimed at cryptocurrency, would be counterproductive.