“It’s true that the US government could impose capital controls almost instantly. All it would take would be a flick of President Obama’s pen.  The bigger question is ‘why?’  Governments have imposed capital or “foreign exchange” controls for more than 2,000 years, starting with the ancient Greeks. The reason has always been the same—to maintain the value of a declining currency.  On the other hand, if a country’s currency is going up in value, or at least stable, there’s no reason to restrict the flow of capital across borders. So will the USA impose capital controls? I think it’s extremely unlikely—at least in the next few years.”

http://nestmann.com/no-dorothy-us-capital-controls-havent-been-imposed

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