Earlier this month, Senator Mark Warner (D-VA) introduced the Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act, or the RESTRICT Act. The bill is being floated as a possible means for the federal government to ban TikTok over its connection to the Chinese government. However, the RESTRICT Act’s vague language and broad scope has many voicing concerns about the bill’s threat to free speech and freedom of expression.
But, as Murray Rothbard has pointed out, “human rights, when not put in terms of property rights, turn out to be vague and contradictory.” Your freedom to have an opinion does not grant you the right to express that opinion in venues or on media outlets you do not own. But if you pay to give a speech at a lecture hall and the government blocks it, this violation of free speech could be better understood as a violation of property rights. So how would property rights fare under the RESTRICT Act? Not well. The bill would not only block private companies from engaging in legitimate business practices but would further violate the property rights of American citizens and companies through an open-ended digital surveillance regime.
The RESTRICT Act seeks to give the Commerce Department broad new authorities to “identify, deter, disrupt, prevent, prohibit, investigate, and mitigate” information and communications technology products “in which any foreign adversary has an interest, and that pose an undue or unacceptable risk to U.S. national security or the safety of U.S. persons.” The bill defines foreign adversaries as China, Russia, Iran, Cuba, Venezuela, and North Korea, but it allows the Executive to add and drop foreign regimes from the list without oversight from Congress.
The information and communications technology products highlighted in the act are expansive and unspecific. They range from desktop applications, mobile apps, web-based applications, payment platforms, and gaming systems to webcams, Wi-Fi networks, drone cameras, home surveillance systems, and even biotechnology.
It’s worth mentioning that the only real threat the alleged adversarial regimes pose is to Washington’s ability to exert military control over the entire globe. The root of this issue lies in America’s overzealous foreign policy aspirations—not in some irrational wish by these regimes to see American people harmed. The proper way to address these threats is to bring American foreign policy back in line with reality as Washington’s unipolar moment slips away. The RESTRICT Act ignores the root of the problem and instead attacks the rights of the American people.
Our right to property stems first from our right to self-ownership. We alone own our bodies. Any property claim made on our bodies is unethical and impossible. From self-ownership, property can be attained justly through homesteading—mixing one’s labor with unowned land resources. After property has been homesteaded, it can be justly transferred through gifts or voluntary exchange. That is how most property is justly acquired in modern societies.
Unfortunately, we do not live in a perfectly libertarian world. But property rights are still important and, to the extent they exist, must be defended. As such, if a someone wishes to read, watch, or listen to a foreign government—maybe they want to hear both sides of a geopolitical dispute to be better informed—and a website owner is willing to deliver that piece of media to them, it is completely within the rights of both the consumer and website owner to engage in that transaction.
Further, it is the right of those who own the internet service provider, data center, and optical fiber cables to make part of their infrastructure available for the information transfer if they find the price to be worth it. Even if the information originated from or encountered a foreign regime, any third party stepping in to stop this transaction would be violating the right of the individuals involved to control their own property.
The conduct that the RESTRICT Act seeks to prohibit is not a real crime. And beyond that, the state surveillance of private activity necessary to identify the relevant transactions is where the majority of property rights violations will occur. The bill makes numerous references to the use of information gathered by the director of national intelligence. Although we’re told US intelligence agencies focus on gathering information and conducting operations outside of the United States, whistleblower Edward Snowden revealed that agencies such as the National Security Agency conduct mass surveillance of American’s communications. The RESTRICT Act could ratchet this up by extending the surveillance beyond communications to include digital information of any kind. By accessing devices without express permission, the federal government would further violate our property rights.
There is even more of concern. With its vague language, the bill gives the government much leeway in defining what qualifies as illegal information. We’ve already seen government officials and their friends in media conflate antiestablishment arguments with foreign disinformation. They’ve even falsely labelled accurate news stories as foreign disinformation. It’s not hard to see these same people using the powers granted to them by the RESTRICT Act to criminalize certain dissenting views under the guise of counterintelligence.
This awful bill seeks to prop up Washington’s disappearing global military dominance by making certain pieces of digital information illegal. The implementation of the RESTRICT Act would violate the American people’s basic right to control their property—all in the name of thwarting a fake crime. The bill isn’t protecting you from a threat. It is the threat. Don’t fall for it.
About the Author
Connor O’Keeffe is a writer and video producer at the Mises Institute. He has a masters in economics and a bachelors in geology.
Article cross-posted from Mises.
Bypass Big Tech Censors
Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.