Comments on: No Incentive to be Accountable http://www.thelibertypapers.org/2006/08/01/no-incentive-to-be-accountable/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Fri, 17 May 2013 18:49:12 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Brad Warbiany http://www.thelibertypapers.org/2006/08/01/no-incentive-to-be-accountable/#comment-1994 Brad Warbiany Tue, 01 Aug 2006 14:01:24 +0000 http://www.thelibertypapers.org/2006/08/01/no-incentive-to-be-accountable/#comment-1994 Kip,

I could be wrong on that point. I don’t travel overseas often, but I was under the impression was that you typically got better rates with ATM and/or credit card transactions than you would get at a currency exchange, but it was slightly below the market rate (or they used the lowest exchange rate of that trading day as a basis).

If anyone would care to sponsor me on a trip through Europe to test this extensively, let me know :-)

]]> By: Eric http://www.thelibertypapers.org/2006/08/01/no-incentive-to-be-accountable/#comment-1992 Eric Tue, 01 Aug 2006 12:16:31 +0000 http://www.thelibertypapers.org/2006/08/01/no-incentive-to-be-accountable/#comment-1992 The whole blame the lobbyists thing is a typical “treat the symptom, not the disease” reaction. We are running around pretending the emperor is wearing clothes. Government spending and corruption cannot be fixed by yet another law that says the government has to fix it.

Qui custodiet ipsos custodes?

]]> By: KipEsquire http://www.thelibertypapers.org/2006/08/01/no-incentive-to-be-accountable/#comment-1991 KipEsquire Tue, 01 Aug 2006 11:20:55 +0000 http://www.thelibertypapers.org/2006/08/01/no-incentive-to-be-accountable/#comment-1991 It takes it out of your bank account at a slightly unfavorable exchange rate…”

Dude, you are using the wrong bank. It’s fairly standard for ATM and credit card FX transactions to be marked to market at the prevailing spot rate, with no surcharge.

Now, ATM transaction fees are another matter.

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