“If you need more evidence that asset forfeiture should be eliminated, John Yoder and Brad Cates, the first two directors of the Justice Department’s Asset Forfeiture Office, have a column in today’s Washington Post, and they unambiguously disown the bureaucracy they created and the evils it has spawned. I’m especially glad they include the government’s foolish and costly anti-money laundering laws as they discuss government run amok. A big problem is that these laws create perverse incentives for abusive behavior by bureaucracies. Our presumption of innocence shouldn’t be eroded just because some bureaucrats are greedy to steal private property.”
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