"Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic freedom is also an indispensable means toward the achievement of political freedom." - Milton Friedman
The European Union approved the new "safe harbor" data privacy accord with the United States on Wednesday, after nearly three years of negotiations.
"This is a landmark accord for e-commerce," said U.S. Secretary of Commerce William W. Daly, "because it bridges the differences between EU and U.S. approaches to privacy protection."