By Thomas Woods, includes “… After those two years elapsed, people generally assumed that the Trading with the Enemy Act had passed into desuetude. But the Supreme Court later explained that the act's provisions were not limited merely to World War I and the two years that followed — it ‘stood ready to meet additional wars and additional enemies’ and could be called into service once again under those circumstances. (Little did anyone suspect in 1917 that these ‘additional enemies’ would turn out to be the American people themselves.)”
Read the full article on: Mises Institute