Going Underground

Richard Rahn is one of the few writers out there who keeps up with the underground economy and its size and scope – which is a fantastic thing to do because this is a leading indicator of the status of freedom itself. The larger the state, the larger the underground. A free society has no underground since there is no reason for people who are doing contractually licit things to hide from anyone. Here is his newest piece on the rise of the unbanked – people who will not use conventional banks and instead keep their savings in cash.